---
schema_version: "secwatch.filing_event.v1"
accession: "0001137789-23-000039"
form_type: "8-K"
ticker: "STX"
cik: "0001137789"
company_name: "Seagate Technology Holdings plc"
filed_at: "2023-05-30T23:59:59+00:00"
generated_at: "2026-06-14T11:17:25.580977+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: $500M 8.25% due 2029, $500M 8.50% due 2031

## Summary
- 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.

## SEC filing metadata
- accession: 0001137789-23-000039
- form_type: 8-K
- ticker: STX
- cik: 0001137789
- company_name: Seagate Technology Holdings plc
- filed_at: 2023-05-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1137789/000113778923000039/0001137789-23-000039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1137789/000113778923000039/stx-20230530.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001137789-23-000039
- JSON: https://secwatch.observer/filing/0001137789-23-000039.json
- Plain text: https://secwatch.observer/filing/0001137789-23-000039.txt

## Key facts
- Debt Financings
  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
  source text: 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”
  evidence_url: https://www.sec.gov/Archives/edgar/data/1137789/000113778923000039/0001137789-23-000039-index.htm
- Debt Financings
  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
  source text: issued $500 million in aggregate principal amount of 8.25% Senior Notes due 2029 (the “2029 Notes”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1137789/000113778923000039/0001137789-23-000039-index.htm

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