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To: Return to Sender who wrote (82505)2/4/2019 10:08:44 PM
From: Sam3 Recommendations

Recommended By
Donald Wennerstrom
oldbeachlvr
Return to Sender

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Micron Announces Pricing of $1.8 Billion of Senior Notes
Mon February 4, 2019 9:51 PM|GlobeNewswire|About: MU

BOISE, Idaho, Feb. 04, 2019 (GLOBE NEWSWIRE) -- Micron Technology, Inc. ( MU) announced today that it has entered into an agreement to sell $600 million aggregate principal amount of its 4.640% Senior Notes due 2024 (the “2024 Notes”), $500 million aggregate principal amount of its 4.975% Senior Notes due 2026 (the “2026 Notes”) and $700 million aggregate principal amount of its 5.327% Senior Notes due 2029 (the “2029 Notes” and, together with the 2024 Notes and the 2026 Notes, the “notes”) pursuant to an effective shelf registration statement on file with the Securities and Exchange Commission (the “SEC”). The offering is expected to settle on February 6, 2019, subject to customary closing conditions.

Morgan Stanley & Co. LLC, BNP Paribas Securities Corp. and Credit Suisse Securities (USA) LLC are the joint book-running managers of the notes offering.

The 2024 Notes will bear interest at a rate of 4.640% per year, the 2026 Notes will bear interest at a rate of 4.975% per year and the 2029 Notes will bear interest at a rate of 5.327% per year. Interest on each series of notes will be payable semi-annually on February 6 and August 6 of each year, commencing on August 6, 2019.

Micron estimates that the net proceeds of the offering of notes, after deducting underwriter discounts and other estimated offering expenses, will be approximately $1,789 million. Promptly following the closing of the offering of the notes, Micron intends to call for redemption its 3.00% Convertible Senior Notes due 2043 (the “2043 Convertible Notes”). Micron intends to use the net proceeds of the offering of senior notes primarily for the extinguishment of its obligations with respect to the 2043 Convertible Notes, which may include payments in settlement of conversion or redemption. Micron intends to use the remaining net proceeds of the offering for general corporate purposes, which may include capital expenditures, working capital and the repayment, repurchase, redemption or other retirement of its other existing indebtedness.

Micron has filed an effective registration statement (including a preliminary prospectus supplement and accompanying base prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the preliminary prospectus supplement included in that registration statement and other documents Micron has filed with the SEC for more complete information about Micron and this offering. Copies of these documents may be obtained at no cost by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, Morgan Stanley & Co. LLC, BNP Paribas Securities Corp. or Credit Suisse Securities (USA) LLC can arrange to send you the prospectus if you request it by calling Morgan Stanley & Co. LLC toll-free at 1 (866) 718-1649, BNP Paribas Securities Corp. toll free at 1 (800) 854-5674 or Credit Suisse Securities (USA) LLC toll free at 1 (800) 221-1037.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the notes described herein, nor shall there be any sale of these notes in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering of these notes will be made only by means of a prospectus supplement and the related prospectus. The notes being offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the registration statement, the prospectus contained therein or the prospectus supplement.

This press release contains forward-looking statements related to the proposed public offering and settlement of notes and Micron’s intention to call for redemption the 2043 Convertible Notes. Actual events or results may differ materially from those contained in the forward-looking statements. Please refer to Micron’s registration statement on Form S-3 and the preliminary prospectus supplement incorporated by reference therein, as well as the other documents Micron files, from time to time, with the SEC. These documents contain and identify important factors that could cause the actual results for Micron on a consolidated basis to differ materially from those contained in Micron's forward-looking statements. Although Micron believes that the expectations reflected in the forward-looking statements are reasonable, Micron cannot guarantee future results, levels of activity, performance or achievements. Micron is under no duty to update any of the forward-looking statements after the date of this press release to conform to actual results.

Contacts

Media Relations Contact:
Erica Pompen
+1 (408) 834-1873, epompen@micron.com

Investor Relations Contact:
Farhan Ahmad
+1 (408) 834-1927, farhanahmad@micron.com



Source: Micron Technology, Inc. 2019 GlobeNewswire, Inc.



To: Return to Sender who wrote (82505)2/5/2019 9:52:07 PM
From: Return to Sender2 Recommendations

Recommended By
FJB
Winfastorlose

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59% Upside Volume on the NYSE - 57% Upside Volume on the NASDAQ - The number of New Highs is expanding a bit. That's all good!

wsj.com

Tuesday, February 05, 2019
Notice to readers: As of 3/3/11, Closing ARMS Index (TRIN) calculation is based on composite data. Click here for historical data prior to 3/3/11.
NYSE Latest close Previous close Week ago
Issues traded 3,042 3,049 3,050
Advances 1,849 1,988 1,647
Declines 1,079 959 1,283
Unchanged 114 102 120
New highs 94 62 52
New lows 4 6 17
Adv. volume* 512,516,982 545,521,885 454,569,437
Decl. volume* 311,280,262 229,198,970 297,483,353
Total volume* 839,037,035 789,966,991 767,565,148
Closing tick +295 +85 +38
Closing Arms (TRIN)† 1.13 0.87 0.94
Block trades* 6,623 6,637 6,546
Adv. volume 2,062,944,999 2,297,939,383 1,958,384,589
Decl. volume 1,364,591,035 967,870,205 1,428,804,056
Total volume 3,491,963,790 3,316,145,172 3,448,688,428
Nasdaq Latest close Previous close Week ago
Issues traded 3,185 3,178 3,176
Advances 1,739 2,105 1,365
Declines 1,332 964 1,682
Unchanged 114 109 129
New highs 75 59 34
New lows 18 18 26
Closing tick -375 +107 +338
Closing Arms (TRIN)† 0.94 1.07 1.75
Block trades 9,667 8,899 9,652
Adv. volume 1,277,139,168 1,356,527,580 634,616,349
Decl. volume 919,345,419 662,230,053 1,371,434,034
Total volume 2,228,242,564 2,061,144,278 2,025,172,986
NYSE American Latest close Previous close Week ago
Issues traded 300 296 296
Advances 138 165 149
Declines 147 112 135
Unchanged 15 19 12
New highs 5 7 5
New lows 3 2 2
Adv. volume* 3,308,664 3,979,090 9,111,092
Decl. volume* 5,112,102 3,988,655 3,434,448
Total volume* 8,800,737 8,264,336 13,111,298
Closing tick -54 +44 +10
Closing Arms (TRIN)† 1.21 1.48 0.43
Block trades* 104 102 104
Adv. volume 36,913,304 39,829,747 88,091,910
Decl. volume 47,401,347 40,065,602 34,655,722
Total volume 88,299,496 82,911,598 126,470,963
NYSE Arca Latest close Previous close Week ago
Issues traded 1,571 1,574 1,574
Advances 1,257 1,147 1,047
Declines 291 404 502
Unchanged 23 23 25
New highs 47 20 17
New lows 12 10 8
Adv. volume* 182,306,028 139,082,723 148,986,173
Decl. volume* 48,859,466 68,792,085 59,695,237
Total volume* 232,327,775 208,401,432 216,346,263
Closing tick +162 +240 -2
Closing Arms (TRIN)† 1.14 1.27 0.95
Block trades* 1,684 1,222 1,314
Adv. volume 862,054,947 697,549,532 726,252,756
Decl. volume 227,522,929 311,919,493 331,358,996
Total volume 1,098,036,606 1,012,996,856 1,087,895,695

*Primary market NYSE, NYSE American or NYSE Arca only. †Compares the ratio of advancing to declining issues with the ratio of volume of shares rising and falling. Arms Index or TRIN = (advancing issues / declining issues) / (composite volume of advancing issues / composite volume of declining issues.) Generally, an Arms of less than 1.00 indicates buying demand; above 1.00 indicates selling pressure.