secwatch.observer — SEC 8-K summary
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Issuer:     Seagate Technology Holdings plc (STX)
CIK:        0001137789
Form:       8-K
Filed at:   2023-05-25T23:59:59+00:00
Accession:  0001137789-23-000035
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1137789/000113778923000035/0001137789-23-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1137789/000113778923000035/stx-20230523.htm
  HTML page:      https://secwatch.observer/filing/0001137789-23-000035

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