secwatch.observer — SEC 8-K summary
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Issuer:     Seagate Technology Holdings plc (STX)
CIK:        0001137789
Form:       8-K
Filed at:   2022-11-30T23:59:59+00:00
Accession:  0001193125-22-295386
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Seagate issues $750M of 9.625% Senior Notes due 2032 in exchange for existing debt
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- Issued $750M aggregate principal of 9.625% Senior Notes due 2032 via exchange for $964.4M of existing notes.
- Upsized from previously announced $500M limit; $1.31B in existing notes tendered, $964.4M accepted.
- Proration factor of ~63.9% for 4.125% Senior Notes due 2031; all other series accepted in full.
- Interest payable semiannually at 9.625% per annum; notes mature Dec 1, 2032, guaranteed by parent.
- Company does not expect to accept any additional tenders after the early exchange period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1137789/000119312522295386/0001193125-22-295386-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1137789/000119312522295386/d412489d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-295386

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