Corporate ActionJun 8, 2026, 09:02 AM
Western Digital to deliver 21.3M shares in note exchange
AI Summary
Western Digital Corporation announced it will deliver 21,289,938 shares of common stock as part of previously disclosed exchange transactions. These transactions involve the exchange of approximately $858.4 million aggregate principal amount of its 3.00% Convertible Senior Notes due 2028 for cash and shares. This amendment provides the final share count, which was calculated based on the average stock price over June 3-4, 2026.
Key Highlights
- Western Digital to deliver 21,289,938 shares of common stock.
- Shares are for exchange of $858.4 million aggregate principal amount of notes.
- Notes are 3.00% Convertible Senior Notes due 2028.
- Exchange transactions involve both cash and shares.
- Share count based on average stock price from June 3-4, 2026.
Price Impact
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