New York, July 23, 2014 -- Moody's Investors Service, ("Moody's") rated Micron Technology, Inc.'s ("Micron") new Senior Notes ("Senior Notes") due 2025 at Ba3. Proceeds of the Senior Notes are being used to refinance all of the 1.875% Convertible Senior Notes due 2013 ("2013B Notes"), with the remaining funds building Micron's pool of liquidity for further debt repayments and other general corporate purposes.

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