other material
confidence high
sentiment neutral
materiality 0.35
Seagate furnishes dilution table for $1.5B exchangeable notes, capped calls
Seagate Technology Holdings plc
- Notes issued Sep 2023: $1.5B aggregate principal, 3.50%, due 2028, exchangeable at $82.47/share.
- If-converted dilutive shares included in GAAP EPS when average stock price exceeds $82.47.
- Capped call transactions with cap price $107.85 reduce/replace non-GAAP dilution.
- Hypothetical table shows zero net dilutive shares up to $107.85; net dilation begins above.
- At $150 stock price, net dilutive shares for non-GAAP EPS would be 5,111 thousand shares.