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

Issuer:     WESTERN DIGITAL CORP (WDC)
CIK:        0000106040
Form:       8-K
Filed at:   2023-06-21T23:59:59+00:00
Accession:  0001193125-23-171211
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Western Digital amends credit agreements, adds liquidity & FCF covenants
------------------------------------------------------------------------

- Modifies leverage ratio requirements through fiscal Q4 2025.
- Adds minimum liquidity covenant through Sept 27, 2024; min free cash flow through Dec 29, 2023.
- Extends term loan commitments under DDTL Agreement to Aug 14, 2023.
- Company and Western Digital Technologies guarantee and secure credit facilities and certain notes.
- Additional restrictive covenants on debt, liens, acquisitions, dividends, and asset sales.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/106040/000119312523171211/0001193125-23-171211-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/106040/000119312523171211/d447413d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-171211

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