The Firm recently represented the initial purchasers, led by Morgan Stanley and J.P. Morgan, in connection with Micron Technology, Inc.’s offering of $1.0 Billion aggregate principal amount of Convertible Senior Notes due 2032. The notes were offered in two tranches and only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended.

Simpson Thacher also represented J.P. Morgan Securities LLC, Goldman, Sachs & Co., Inc., Deutsche Bank AG (London Branch) and BNP Paribas in connection with capped call option transactions under which Micron Technology, Inc. purchased call options covering approximately 100 million shares of its common stock, entered into concurrently with such notes offering.

Micron Technology, Inc., through its subsidiaries, manufactures semiconductor devices, principally DRAM, NAND Flash and NOR Flash memory, as well as other memory technologies, packaging solutions and semiconductor systems for use in computing, consumer, networking, automotive, industrial and mobile products.

The Simpson Thacher team included Bill Hinman, Dan Webb, Kelli Schultz and Alexis Orenstein (Capital Markets); Joyce Xu, Philip Powers and Brian Chernoff (Derivatives); Katherine Moir and Dan Foster (Tax); Michael Isby (Environmental); Jeff Ostrow and Keren Siman-Tov (IP); and Jennie Getsin (Blue Sky).

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