Daily News: November 21, 2016

DBS Agents $800MM Facility for Micron Technology


Micron Technology closed an $800 million term loan with DBS Bank acting as facility agent and security agent. Proceeds of loans will be used by its subsidiary MSA Capital II to buy certain equipment from Micron Singapore.

According to a related 8-K filing, MSA Capital II is the borrower under the credit agreement.

DBS Bank, The Hongkong and Shanghai Banking, ING Bank, Malayan Banking Berhad and Oversea-Chinese Banking acted as mandated lead arrangers and bookrunners and as original lenders for the facility. BNP Paribas was an additional original lender.

Boise, ID-based Micron Technology is global corporation which produces many forms of semiconductor devices, including dynamic random-access memory, flash memory and solid-state drives.