---
schema_version: "secwatch.filing_event.v1"
accession: "0001137789-25-000023"
form_type: "8-K"
ticker: "STX"
cik: "0001137789"
company_name: "Seagate Technology Holdings plc"
filed_at: "2025-02-03T23:59:59+00:00"
generated_at: "2026-05-27T03:54:50.241952+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Seagate enters $1.3B revolving credit facility, replaces 2019 agreement

## Summary
- New $1.3B senior unsecured revolving credit facility maturing Jan 30, 2030; replaces 2019 facility.
- Facility includes up to $150M letters of credit and $50M swingline loans; interest based on SOFR plus margin tied to credit ratings.
- Financial covenant requires total net leverage ratio ≤ 6.75:1, effective Q2 FY2025, with springing test.
- No borrowings outstanding at closing; facility for working capital and general corporate purposes.

## SEC filing metadata
- accession: 0001137789-25-000023
- form_type: 8-K
- ticker: STX
- cik: 0001137789
- company_name: Seagate Technology Holdings plc
- filed_at: 2025-02-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1137789/000113778925000023/0001137789-25-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1137789/000113778925000023/stx-20250130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001137789-25-000023
- JSON: https://secwatch.observer/filing/0001137789-25-000023.json
- Plain text: https://secwatch.observer/filing/0001137789-25-000023.txt

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