GlobalWafers board approves up to $500 million convertible bond sale to Micron
MU•GlobalWafers’ board approved a plan to issue up to $500 million in 10-year convertible bonds to Micron Technology at a 0.5% annual coupon, subject to shareholder approval.
1. Bond placement plan
GlobalWafers’ board approved a proposed placement of up to $500 million in 10-year convertible bonds to Micron Technology, Inc., with a 0.5% annual coupon rate. The placement is subject to shareholder approval.
