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Micron Technology grosses $1.00 billion from debt offering

Micron Technology Inc. raised gross proceeds of $1.00 billion from an offering of 5.25% senior notes due 2023.

The company plans to use the proceeds for general corporate purposes or working capital and redemption or repayment of debt securities.

Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Merrill Lynch Pierce Fenner & Smith Inc. and Morgan Stanley & Co. LLC were the lead underwriters.

BNP Paribas Securities Corp., DBS Bank Ltd., ING Financial Markets LLC, MUFG Securities Americas Inc., RBS Securities Inc., Standard Chartered PLC and Wells Fargo Securities LLC also served as underwriters for the offering.