Bank of America Corp
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Financials : Banks | Large Cap ValueCompany profile

Bank of America Corporation is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers and others with a range of banking, investing, asset management and other financial and risk management products and services. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in international markets, provides a range of banking and non-bank financial services and products through four business segments: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and U.S. Trust, Bank of America Private Wealth Management; Global Banking, which provides a range of lending-related products and services; Global Markets, which offers sales and trading services, and All Other, which consists of equity investments, residual expense allocations and other.

Closing Price
$27.03
Day's Change
0.78 (2.97%)
Bid
--
Ask
--
B/A Size
--
Day's High
27.12
Day's Low
26.44
Volume
(Average)
Volume:
70,841,690

10-day average volume:
70,379,365
70,841,690

Micron Announces Offering of Senior Notes

9:06 am ET July 10, 2019 (Globe Newswire) Print

Micron Technology, Inc. (NASDAQ: MU) announced today an offering of senior notes, subject to market and other conditions.

Micron intends to use a substantial portion of the net proceeds of the offering to fund the purchase price for Intel Corporation's ("Intel") noncontrolling interest in IM Flash Technologies, LLC ("IM Flash") and IM Flash debt owed to Intel. Micron intends to use any remaining net proceeds from 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.

Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are the joint book-running managers of the notes offering.

Micron has filed a registration statement (including a preliminary prospectus supplement for the notes that forms a part of the registration statement) with the Securities and Exchange Commission (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, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC can arrange to send you the prospectus if you request it by calling Goldman Sachs & Co. LLC toll-free at 1-866-471-2526, J.P. Morgan Securities LLC at 212-834-4533 or Wells Fargo Securities, LLC toll-free at 1-800-645-3751.

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 of notes and Micron's intention to use a substantial portion of the net proceeds of the offering to fund the purchase price for Intel's noncontrolling interest in IM Flash and IM Flash debt owed to Intel. 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.

Micron Media Relations Contact
Erica Rodriguez Pompen
Micron Technology, Inc.
+1 (408) 834-1873
epompen@micron.com

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

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