Loan & DebtMay 28, 2026, 09:01 AM
Seagate Closes $185.9M Exchangeable Notes Exchange
AI Summary
Seagate Technology Holdings plc announced the closing of privately negotiated exchanges for $185.908 million principal amount of its subsidiary's 3.50% Exchangeable Senior Notes due 2028. The transaction involved exchanging these notes for an equal principal amount in cash and 2,023,124 ordinary shares of Seagate. This action reduces the outstanding principal amount of these notes, with approximately $185.8 million remaining.
Key Highlights
- Seagate completed exchanges for $185.908 million of 3.50% Exchangeable Senior Notes due 2028.
- The exchange involved $185.908 million in cash and 2,023,124 ordinary shares.
- Shares were issued as private placements under Section 4(a)(2) of the Securities Act.
- Approximately $185.8 million in principal amount of notes remain outstanding.
- The exchanges were consummated between May 26-27, 2026.
Price Impact
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