secwatch.observer — SEC 8-K summary
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Issuer:     Seagate Technology Holdings plc (STX)
CIK:        0001137789
Form:       8-K
Filed at:   2023-05-30T23:59:59+00:00
Accession:  0001137789-23-000039
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Seagate issues $1B in senior notes: $500M 8.25% due 2029, $500M 8.50% due 2031
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1137789/000113778923000039/0001137789-23-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1137789/000113778923000039/stx-20230530.htm
  HTML page:      https://secwatch.observer/filing/0001137789-23-000039

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer