Micron Technology Inc. said Wednesday it is planning to retire $2.25 billion of debt. The chip maker said it will redeem all $1.25 billion of its outstanding 7.5% notes due 2023, as well as $1 billion of 5.25% notes due 2023. The company will fund the transaction with the proceeds of a recent equity offering and cash on hand. Shares have gained 89% in 2017, while the S&P 500 has gained 14%.
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