debt
confidence high
sentiment neutral
materiality 0.55
Seagate prices $400M 5.875% senior notes due 2030 to refinance 2027 notes
Seagate Technology Holdings plc
- Issued $400M aggregate principal of 5.875% Senior Notes due 2030 at 100% of par.
- Proceeds plus cash on hand will redeem all outstanding 4.875% Senior Notes due 2027.
- Offering priced on May 12, 2025; closing expected on or about May 27, 2025.
- Notes are senior unsecured and guaranteed by Seagate and two subsidiaries.
- Offered in a private placement under Rule 144A and Regulation S.