Financing ·
Western Digital Corporation entered into privately negotiated exchange agreements with holders of its 3.00%…
WDCWestern Digital Corp
Western Digital Corporation entered into privately negotiated exchange agreements with holders of its 3.00% Convertible Senior Notes due 2028 on August 26, 2026. Holders agreed to exchange approximately $191.0 million in aggregate principal amount of notes for consideration consisting of roughly $192.7 million in cash and a number of shares of common stock representing the remaining conversion value based on the volume-weighted average price on August 26, 2026. The transactions are expected to close on or after September 2, 2026, subject to customary closing conditions. Western Digital Corporation manufactures data storage devices and solutions.