---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-267654"
form_type: "8-K"
ticker: "WDC"
cik: "0000106040"
company_name: "WESTERN DIGITAL CORP"
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T01:56:52.527277+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Western Digital prices $1.4B convertible notes due 2028, repurchases $508M of existing 2024 notes

## Summary
- Notes bear 3.00% interest, mature Nov 15, 2028; initial conversion price ~$52.20 (30% premium over $40.15 close).
- Net proceeds ~$1.367B; $507M used to repurchase ~$508M aggregate principal of existing 1.50% convertible notes due 2024.
- Entered into capped call transactions with initial cap price $70.2625 per share to reduce dilution upon conversion.
- Option for initial purchasers to buy additional $200M notes; closing expected Nov 3, 2023.

## SEC filing metadata
- accession: 0001193125-23-267654
- form_type: 8-K
- ticker: WDC
- cik: 0000106040
- company_name: WESTERN DIGITAL CORP
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/106040/000119312523267654/0001193125-23-267654-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/106040/000119312523267654/d580162d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-267654
- JSON: https://secwatch.observer/filing/0001193125-23-267654.json
- Plain text: https://secwatch.observer/filing/0001193125-23-267654.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.