secwatch.observer — SEC 8-K summary
======================================

Issuer:     WESTERN DIGITAL CORP (WDC)
CIK:        0000106040
Form:       8-K
Filed at:   2022-12-23T23:59:59+00:00
Accession:  0001193125-22-311796
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Western Digital Amends Loan Agreement to Ease Leverage Covenants Through Q3 FY2024
--------------------------------------------------------------------------------

- Amendment No. 1 to Amended and Restated Loan Agreement dated Jan 7, 2022, effective Dec 23, 2022.
- Modifies leverage ratio covenant requirements through fiscal quarter ending Sep 27, 2024.
- Limits incurrence of Priority Debt during the Covenant Relief Period.
- Requires certain subsidiaries to provide guarantees under the Loan Agreement during any Guarantee Period.
- Consent fee of 0.10% paid to lenders consenting by Dec 22, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/106040/000119312522311796/0001193125-22-311796-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/106040/000119312522311796/d438737d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-311796

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer