Seagate exchanges $185.9 million in exchangeable notes for cash and shares
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Seagate Announces Exchanges with Holders of $185.908 Million Principal Amount of Exchangeable Notes
May 21, 2026 8:30 AM EDTSINGAPORE--(BUSINESS WIRE)-- Seagate Technology Holdings plc (NASDAQ: STX) (Seagate or us) and Seagate HDD Cayman, a subsidiary of Seagate (Seagate HDD) today announced that on May 20, 2026, they entered into separate, privately negotiated exchange agreements with a limited number of holders of Seagate HDDs 3.50% Exchangeable Senior Notes due 2028 (the notes) to exchange (collectively, the exchanges) $185.908 million principal amount of notes for consideration consisting of an aggregate of $185.908 million in cash and a number of Seagates ordinary shares (the ordinary shares) to be determined over a one trading day period beginning on, and including, May 21, 2026. The exchanges are... More
