---
schema_version: "secwatch.filing_event.v1"
accession: "0001137789-23-000035"
form_type: "8-K"
ticker: "STX"
cik: "0001137789"
company_name: "Seagate Technology Holdings plc"
filed_at: "2023-05-25T23:59:59+00:00"
generated_at: "2026-06-14T14:09:52.994371+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Seagate issues $1B in senior notes at 8.250% and 8.500% to refinance debt

## Summary
- $500M of 8.250% Senior Notes due 2029 and $500M of 8.500% Senior Notes due 2031 issued.
- Net proceeds to redeem fully the 4.875% Senior Notes due 2024 and repay $450M term loan.
- Offering priced May 24, 2023; expected to close May 30, 2023 subject to conditions.
- Notes are senior unsecured obligations of Seagate HDD Cayman, guaranteed by parent and STUC.

## SEC filing metadata
- accession: 0001137789-23-000035
- form_type: 8-K
- ticker: STX
- cik: 0001137789
- company_name: Seagate Technology Holdings plc
- filed_at: 2023-05-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1137789/000113778923000035/0001137789-23-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1137789/000113778923000035/stx-20230523.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001137789-23-000035
- JSON: https://secwatch.observer/filing/0001137789-23-000035.json
- Plain text: https://secwatch.observer/filing/0001137789-23-000035.txt

## Key facts
- Material Agreements
  Seagate Technology Holdings plc entered into Purchase Agreement with Morgan Stanley & Co. LLC, as representative of the initial purchasers named therein valued at $500 million aggregate principal amount of 8.25% Senior Notes due 2029 and $500 million aggregate pr (effective 2023-05-24).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Morgan Stanley & Co. LLC, as representative of the initial purchasers named therein
  - Value: $500 million aggregate principal amount of 8.25% Senior Notes due 2029 and $500 million aggregate pr
  - Effective: 2023-05-24
  source text: On May 24, 2023, Seagate Technology Holdings plc (the “Company”) and Seagate HDD Cayman (“HDD”), an indirect wholly owned subsidiary of the Company, entered into a purchase agreement (the “Purchase Agreement”), by and among the Company, HDD, Seagate Technology Unlimited Company (“STUC” and, together with the Company, the “Guarantors”) and Morgan Stanley & Co. LLC, as representative of the initial purchasers named therein (the “Initial Purchasers”), pursuant to which the Company has agreed to issue and sell, and the Initial Purchasers have agreed to purchase, $500 million aggregate principal amount of 8.25% Senior Notes due 2029 (the “2029 Notes”) and $500 million aggregate principal amount of 8.50% Senior Notes due 2031 (the “2031 Notes” and, together with the 2029 Notes, the “Notes”) in a private placement to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the Uni
  evidence_url: https://www.sec.gov/Archives/edgar/data/1137789/000113778923000035/0001137789-23-000035-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.