Seagate closes $185.9 million exchangeable notes exchange
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Seagate Announces Closing of Exchanges with Holders of $185.908 Million Principal Amount of Exchangeable Notes
May 28, 2026 8:30 AM EDTSINGAPORE--(BUSINESS WIRE)-- Seagate Technology Holdings plc (NASDAQ: STX) (Seagate or Company) and Seagate HDD Cayman, a subsidiary of Seagate (Seagate HDD) today announced that on May 27, 2026, the Company closed the previously announced privately negotiated exchanges (the exchanges) of $185.908 million principal amount of Seagate HDDs 3.50% Exchangeable Senior Notes due 2028 (the notes) for aggregate consideration consisting of $185.908 million in cash and approximately 2.02 million ordinary shares of Seagate stock. The number of ordinary shares of Seagate stock issued pursuant to the exchanges was determined over the one trading day period beginning on, and including, May 21, 2026. The exchanged notes... More
