secwatch.observer — SEC 8-K summary
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Issuer:     Seagate Technology Holdings plc (STX)
CIK:        0001137789
Form:       8-K
Filed at:   2025-02-03T23:59:59+00:00
Accession:  0001137789-25-000023
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1137789/000113778925000023/0001137789-25-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1137789/000113778925000023/stx-20250130.htm
  HTML page:      https://secwatch.observer/filing/0001137789-25-000023

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