Financing ·
Seagate Technology Holdings plc completed the redemption and exchange of approximately $150.7 million principal amount…
STXSeagate Technology Holdings plc
Seagate Technology Holdings plc completed the redemption and exchange of approximately $150.7 million principal amount of its subsidiary's 3.50% Exchangeable Senior Notes due 2028 on September 8, 2026. Seagate HDD paid approximately $150.97 million in cash to settle obligations for notes redeemed at par plus accrued interest and exchanged notes. For the exchange portion, the company delivered 1,647,862 ordinary shares of Seagate Technology Holdings plc to cover excess exchange obligations beyond the principal amount. This transaction extinguished the remaining outstanding balance of these specific senior notes. Seagate operates in the data storage industry, manufacturing hard disk drives and related storage solutions for cloud providers, enterprises, and consumers.