Seagate redeems all 4.875% 2027 notes; reports high early exchange participation across 8 series

Seagate Technology Holdings plc

Redeemed all outstanding 4.875% Senior Notes due 2027 at 100.819% plus accrued interest.
Early tenders: 91.25% of 4.091% 2029, 95.39% of 8.250% 2029, 95.11% of 9.625% 2032 notes.
Received requisite consents to eliminate substantially all restrictive covenants in indentures.
Amended terms: holders tendering after early deadline also receive $1,000 principal new notes + $1.25 cash.
Exchange offers expire June 26, 2025; settlement promptly after.

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