Seagate Technology Holdings plc (STX): debt financing — Seagate subsidiary issues $400M 5.875% notes due 2030; launches exchange offers for 8 series of old notes

Seagate Technology Holdings plc

SDST issued $400M of 5.875% Senior Notes due 2030; interest payable Jan 15 & Jul 15 starting Jan 15, 2026.
Exchange offers for eight series of Seagate HDD old notes: holders receive $950 principal of new notes + $1.25 cash per $1,000 old notes.
Early participation bonus: $50 extra principal + $1.25 cash more if tendered by June 10, 2025.
Consent solicitations seek to eliminate restrictive covenants in old note indentures; new notes have same coupons and maturities.
Issuer changes from Seagate HDD Cayman to SDST; same guarantors (Seagate Holdings, STUC, Seagate HDD).

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Seagate Technology Holdings plc incurred senior notes of $400 million with Computershare Trust Company, National Association at 5.875% maturing July 15, 2030.

Instrument: senior notes
Principal: $400 million
Counterparty: Computershare Trust Company, National Association
Rate: 5.875%
Maturity: July 15, 2030
Event: incurrence

Exact text from the filing

On May 27, 2025, Seagate Data Storage Technology Pte. Ltd. (“SDST”), a private company limited by shares registered in Singapore and a subsidiary of Seagate Technology Holdings plc (the “Company”), issued $400 million in aggregate principal amount of 5.875% Senior Notes due 2030 (the “Notes”).

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Seagate Technology Holdings plc filing history →

Source: SEC EDGAR

accession 0001193125-25-129583

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