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Micron ( (MU) ) just unveiled an update.
On January 17, 2025, Micron Technology, Inc. entered into a new Term Loan Credit Agreement, obtaining a $1.6835 billion loan to refinance an existing credit agreement dated November 3, 2022. This new agreement allows Micron to potentially increase its borrowing capacity by an additional $750 million and outlines various financial covenants and restrictions. At the 2024 Annual Meeting on January 16, 2025, Micron’s stockholders approved a new equity incentive plan and elected directors, with all proposed measures receiving substantial support.
More about Micron
Micron Technology, Inc. operates in the semiconductor industry, focusing on the production of memory and storage solutions. The company is a key player in the technology sector, serving a global market with its innovative products.
YTD Price Performance: 21.09%
Average Trading Volume: 21,741,114
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $117.8B
For detailed information about MU stock, go to TipRanks’ Stock Analysis page.
