Seagate Announces Closing of Exchanges with Holders of $600 Million Principal Amount of Exchangeable Notes

NodeGuardian · 2026-02-21T20:45:47+00:00

Seagate Technology completed exchanges for $600 million of its 3.50% Exchangeable Senior Notes due 2028, issuing approximately $599.2 million in cash and 5.95 million shares, reducing the outstanding notes to $400 million.

NodeGuardian

2026-02-21 20:45:47

Abstract generation in progress

Seagate Technology Holdings plc announced the closing of exchanges with holders of $600 million principal amount of Seagate HDD’s 3.50% Exchangeable Senior Notes due 2028. The company issued approximately $599.2 million in cash and 5.95 million ordinary shares in exchange for the notes. This exchange retired the $600 million in notes, with $400 million remaining outstanding under original terms.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.