The Firm recently represented the initial purchasers, led by Morgan Stanley, Goldman, Sachs & Co., and J.P. Morgan, in connection with Micron Technology, Inc.’s offering of $600 million aggregate principal amount of Convertible Senior Notes due 2033. 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 JPMorgan Chase Bank, N.A. (London Branch), Royal Bank of Canada, Morgan Stanley & Co. International plc, and Credit Suisse International in connection with capped call option transactions under which Micron Technology, Inc. purchased call options covering approximately 55 million shares of its common stock, entered into concurrently with such notes offering.

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

The Simpson Thacher team included Bill Hinman, Dan Webb, Kelli Schultz, Jean Park, Joel Beck-Coon, and Kevin Hill (Capital Markets); Joyce Xu, Lisa Wang, Brian Chernoff and Bennett Surajat (Derivatives); Katharine Moir and Dan Foster (Tax); Michael Isby (Environmental); Josh Walker and Michael Hasper (IP); and Jennie Getsin (Blue Sky).


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