Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Seagate Technology Holdings plc incurred senior notes of $750 million with Computershare Trust Company, National Association at 9.625% maturing December 1, 2032.
- Instrument
- senior notes
- Principal
- $750 million
- Counterparty
- Computershare Trust Company, National Association
- Rate
- 9.625%
- Maturity
- December 1, 2032
- Event
- incurrence
Exact text from the filing
On November 30, 2022, Seagate HDD Cayman (“Seagate HDD”), an exempted company with limited liability organized under the laws of the Cayman Islands and an indirect subsidiary of Seagate Technology Holdings plc (the “Company”), issued approximately $750 million in aggregate principal amount of 9.625% Senior Notes due 2032 (the “New Notes”) in connection with Seagate HDD’s exchange offers to certain eligible holders of Seagate HDD’s outstanding 3.125% Senior Notes due 2029, 4.091% Senior Notes due 2029, 3.375% Senior Notes due 2031, and 4.125% Senior Notes due 2031 (the “Exchange Offers”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Seagate Technology Holdings plc entered into Indenture, dated as of November 30, 2022, for 9.625% Senior Notes due 2032 with Computershare Trust Company, National Association valued at approximately $750 million aggregate principal amount of 9.625% Senior Notes due 2032 (effective 2022-11-30).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- Computershare Trust Company, National Association
- Value
- approximately $750 million aggregate principal amount of 9.625% Senior Notes due 2032
- Effective
- 2022-11-30
Exact text from the filing
On November 30, 2022, Seagate HDD Cayman (“Seagate HDD”), an exempted company with limited liability organized under the laws of the Cayman Islands and an indirect subsidiary of Seagate Technology Holdings plc (the “Company”), issued approximately $750 million in aggregate principal amount of 9.625% Senior Notes due 2032 (the “New Notes”) in connection with Seagate HDD’s exchange offers to certain eligible holders of Seagate HDD’s outstanding 3.125% Senior Notes due 2029, 4.091% Senior Notes due 2029, 3.375% Senior Notes due 2031, and 4.125% Senior Notes due 2031 (the “Exchange Offers”). ”). The Company announced that it had increased the previously announced New Notes issuance limit from $500 million to approximately $750 million aggregate principal amount, subject to further increase in its sole discretion. The New Notes mature on December 1, 2032, and were issued pursuant to an indenture, dated as of November 30, 2022 (the “Indenture”), among Seagate HDD, the Company, Seagate Techno
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Seagate Technology Holdings plc entered into Registration Rights Agreement, dated as of November 30, 2022 with Morgan Stanley & Co. LLC, MUFG Securities Americas Inc., BofA Securities, Inc., Scotia Capital (USA) Inc., Wells Fargo Securities, LLC and BNP Paribas Securities Corp valued at registration rights agreement related to 9.625% Senior Notes due 2032 (effective 2022-11-30).
- Action
- entry
- Counterparty
- Morgan Stanley & Co. LLC, MUFG Securities Americas Inc., BofA Securities, Inc., Scotia Capital (USA) Inc., Wells Fargo Securities, LLC and BNP Paribas Securities Corp
- Value
- registration rights agreement related to 9.625% Senior Notes due 2032
- Effective
- 2022-11-30
Exact text from the filing
The Company has also entered into a registration rights agreement related to the New Notes, dated as of November 30, 2022 (the “Registration Rights Agreement”), among Seagate HDD, the Guarantors, Morgan Stanley & Co. LLC, MUFG Securities Americas Inc., BofA Securities, Inc., Scotia Capital (USA) Inc., Wells Fargo Securities, LLC and BNP Paribas Securities Corp, as the lead dealer managers for the Exchange Offers.
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