secwatch.observer — SEC 8-K summary
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Issuer:     Seagate Technology Holdings plc (STX)
CIK:        0001137789
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0001193125-22-280194
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Seagate amends credit agreement; raises max leverage ratio to 5.0:1.0
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- Seventh amendment relaxes max total leverage ratio to 5.0:1.0 for fiscal quarter ending Dec 30, 2022, with step downs.
- Covenant relief period runs through June 28, 2024; thereafter max ratio returns to 4.0:1.0.
- Company prohibited from using incremental facility up to $100M during covenant relief period.
- All other material terms of the Credit Agreement, dated Feb 20, 2019, remain unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1137789/000119312522280194/0001193125-22-280194-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1137789/000119312522280194/d375807d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-280194

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