Micron buys back $99 million of two series of convertible notes

By Tali Rackner

Norfolk, Va., May 15 - Micron Technology, Inc. repurchased about $39 million of its 3.125% convertible senior notes due 2032 in privately negotiated transactions, according to an 8-K filing with the Securities and Exchange Commission.

The notes were repurchased for roughly $111 million in cash, which includes accrued interest.

Following the repurchases, $374 million remains outstanding.

On April 14 and 15, also in privately negotiated transactions, the company repurchased about $60 million of its 2.375% convertible senior notes due 2032.

The notes were repurchased for roughly $142 million in cash, which includes accrued interest. Following these transactions, $390 million remains outstanding.

Micron is a Boise, Idaho-based semiconductor manufacturer.

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