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.

On September 2, 2026, Seagate Technology Holdings plc announced that Director Shankar Arumugavelu decided not to stand for re-election at the 2026 Annual General Meeting of Shareholders. Mr. Arumugavelu will continue serving until the meeting concludes. The Board stated his decision was not due to any disagreement regarding operations, policies, or practices and thanked him for his service. This is a routine director departure without governance implications.

Seagate Technology Holdings plc reported fiscal fourth quarter and fiscal year 2026 financial results. For the fourth quarter ended July 3, 2026, revenue was $3.6 billion with GAAP diluted earnings per share of $5.58. For the full fiscal year 2026, revenue reached $12.2 billion with GAAP diluted EPS of $13.90. The company generated $3.1 billion in annual free cash flow and reduced total debt by $1.4 billion during the year. Management provided fiscal first quarter 2027 guidance of $4.1 billion in revenue and $7.30 non-GAAP diluted EPS. The company operates in the data storage industry, providing mass-capacity storage solutions.

Seagate HDD Cayman issued a redemption notice for all outstanding 3.50% Exchangeable Senior Notes due 2028, with a cash redemption price equal to the principal amount plus accrued interest on the September 8, 2026 redemption date. Holders can exchange the notes for Seagate ordinary shares at a current exchange rate of 12.1363 shares per $1,000 principal amount, which will be adjusted on June 25, 2026, following a previously announced $0.74 per share dividend. Seagate Technology Holdings plc is a data storage solutions provider in the technology industry.