Seagate enters Tenth Amendment to Credit Agreement modifying financial covenants and permitting internal restructurings

Seagate Technology Holdings plc

Seagate Technology Holdings and subsidiary Seagate HDD Cayman entered into the Tenth Amendment to the Credit Agreement on September 27, 2023.
The amendment modifies and/or removes certain financial covenants under the existing Credit Agreement dated February 20, 2019.
The amendment permits certain internal restructurings of Seagate and its subsidiaries.
Certain other restrictive covenants were also modified; other material terms of the Credit Agreement remain unchanged.
The Bank of Nova Scotia acted as administrative agent for the lenders under the amendment.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Seagate Technology Holdings plc amended Tenth Amendment to the Credit Agreement with The Bank of Nova Scotia valued at Amendment entered into to modify and/or remove certain financial covenants, permit certain internal (effective 2023-09-27).

Action: amendment
Agreement: credit facility
Counterparty: The Bank of Nova Scotia
Value: Amendment entered into to modify and/or remove certain financial covenants, permit certain internal
Effective: 2023-09-27

Exact text from the filing

On September 27, 2023, Seagate Technology Holdings public limited company (the "Company") and its subsidiary Seagate HDD Cayman (the "Borrower") entered into the Tenth Amendment to the Credit Agreement (as defined below) with The Bank of Nova Scotia, as administrative agent (the "Agent") and the requisite lenders under the Credit Agreement (the "Amendment").

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Source: SEC EDGAR

accession 0001137789-23-000096

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