Seagate Technology Holdings plc Announces Redemption of 4.875% Senior Notes Due 2027 with New $400 Million Senior Unsecured Notes Offering
Seagate Technology Holdings plc, through its subsidiary Seagate Data Storage Technology Pte. Ltd., has announced the pricing of a private offering of $400 million in senior unsecured notes due in 2030. These notes, bearing an interest rate of 5.875% per annum, were priced at 100% of their aggregate principal amount. The proceeds from this offering, alongside existing cash reserves, will be utilized to redeem all outstanding 4.875% senior notes due in 2027 and cover related fees and expenses. The closing of this offering is anticipated around May 27, 2025, subject to standard closing conditions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Seagate Technology Holdings plc published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-118923), on May 13, 2025, and is solely responsible for the information contained therein.
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