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US Debt Instrument Disclosures

US Debt Instrument Disclosures

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2022 Term Loan B

On October 27, 2016, Micron's Term Loan B was repriced, which constituted an exchange transaction under Treasury Regulation section 1.1001-3. Pursuant to Treasury Regulation section 1.1273-2(f)(9), Micron has determined that the debt instruments under the 2022 Term Loan B that were deemed issued in such exchange are "traded on an established market" within the meaning of Treasury Regulation section 1.1273-2(f)(1), and that the issue price of such debt instruments deemed issued on October 27, 2016 is 100.5% of the stated principal amount.

The debt instruments under the 2022 Term Loan B were repriced again on April 26, 2017, which again constituted an exchange transaction under Treasury Regulation section 1.1001-3. Pursuant to Treasury Regulation section 1.1273-2(f)(9), Micron has determined that the debt instruments under the 2022 Term Loan B that were deemed issued in such exchange are "traded on an established market" within the meaning of Treasury Regulation section 1.1273-2(f)(1), and that the issue price of such debt instruments is 100.625% of the stated principal amount.

The above determinations are binding on any holder of such debt instruments unless the holder explicitly discloses its contrary determination on a timely filed tax return pursuant to Treasury Regulation section 1.1273-2(f)(9)(i). Micron does not provide tax advice to its investors. All investors are urged to consult their own advisors regarding the tax consequences of acquiring and owning debt instruments under the 2022 Term Loan B and the repricing transactions in their particular circumstances, including the applicability and effect of all U.S. federal, state, local and non-U.S. tax laws.

3.00% Convertible Senior Notes due 2043

In connection with the issuance of its 3.00% Convertible Senior Notes due 2043 on November 12, 2013, and pursuant to Treasury Regulation section 1.1273-2(f)(9), Micron has determined that such notes are debt instruments that are “traded on an established market” within the meaning of Treasury Regulation section 1.1273-2(f)(1), and that the issue price of such debt instruments is $907.975 [per $1000 stated principal amount at maturity]. The above determinations are binding on any holder of such debt instruments unless the holder explicitly discloses its contrary determination on a timely filed tax return pursuant to Treasury Regulation section 1.1273-2(f)(9)(i). Micron does not provide tax advice to its investors. All investors are urged to consult their own advisors regarding the tax consequences of acquiring and owning the 3.00% Convertible Senior Notes due 2043 in their particular circumstances, including the applicability and effect of all U.S. federal, state, local and non-U.S. tax laws.