Seagate Technology Holdings plc (STX): debt financing — Seagate issues $1B in senior notes: $500M 8.25% due 2029, $500M 8.50% due 2031

Seagate Technology Holdings plc

Issued $500M in 8.25% Senior Notes due 2029 and $500M in 8.50% Senior Notes due 2031.
Notes are senior unsecured, fully guaranteed by Seagate Technology Holdings plc and its subsidiary.
Interest payable semiannually; first payments due Dec 15, 2023 (2029 Notes) and Jan 15, 2024 (2031 Notes).
Optional redemption at make-whole before July 15, 2026; equity clawback provision up to 40% at 108.250% / 108.500%.
Change of control repurchase at 101% of principal; covenants limit liens, subsidiary debt, and sale-leasebacks.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Seagate Technology Holdings plc incurred senior notes of $500 million with Computershare Trust Company, National Association at 8.50% maturing July 15, 2031.

Instrument: senior notes
Principal: $500 million
Counterparty: Computershare Trust Company, National Association
Rate: 8.50%
Maturity: July 15, 2031
Event: incurrence

Exact text from the filing

HDD”), an exempted company with limited liability organized under the laws of the Cayman Islands and a subsidiary of Seagate Technology Holdings plc (the “Company”), issued $500 million in aggregate principal amount of 8.25% Senior Notes due 2029 (the “2029 Notes”) and $500 million in aggregate principal amount of 8.50% Senior Notes due 2031 (the “2031 Notes”

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Seagate Technology Holdings plc incurred senior notes of $500 million with Computershare Trust Company, National Association at 8.25% maturing December 15, 2029.

Instrument: senior notes
Principal: $500 million
Counterparty: Computershare Trust Company, National Association
Rate: 8.25%
Maturity: December 15, 2029
Event: incurrence

Exact text from the filing

issued $500 million in aggregate principal amount of 8.25% Senior Notes due 2029 (the “2029 Notes”)

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10 debt financings filed in the last 30 days. Browse all debt financings →

Seagate Technology Holdings plc filing history →

Source: SEC EDGAR

accession 0001137789-23-000039

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