secwatch.observer — SEC 8-K summary
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Issuer:     WESTERN DIGITAL CORP (WDC)
CIK:        0000106040
Form:       8-K
Filed at:   2023-10-30T23:59:59+00:00
Accession:  0001193125-23-266188
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Western Digital proposes $1.3B convertible notes offering due 2028
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- $1.3B aggregate principal amount of convertible senior notes due 2028; option for additional $200M.
- Use proceeds to refinance existing 1.50% convertible notes due 2024 and for general corporate purposes.
- Will enter into capped call transactions to reduce potential dilution upon conversion of the notes.
- Notes offered privately to QIBs under Rule 144A; not registered under Securities Act.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/106040/000119312523266188/0001193125-23-266188-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/106040/000119312523266188/d578251d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-266188

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