--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-25-152915" form_type: "8-K" ticker: "STX" cik: "0001137789" company_name: "Seagate Technology Holdings plc" filed_at: "2025-06-30T23:59:59+00:00" generated_at: "2026-05-18T12:16:12.426331+00:00" event_type: "debt" sentiment: "neutral" materiality_score: 0.6 calibrated_materiality_score: 0.6 confidence: "high" source: SEC EDGAR --- # Seagate completes exchange of $2.81B in Old Notes for New Notes via SDST subsidiary ## Summary - As of June 26, $2,809,835,357 principal amount of eight Old Note series validly tendered and accepted. - Settlement on June 30; SDST issued new notes with same rates, maturities as Old Notes. - Per $1,000 Old Note tendered, holders receive $1,000 New Notes plus $1.25 cash. - Supplemental indentures remove most restrictive covenants and release guarantors on Old Notes. - Registration rights agreements require exchange offer within 451 days if notes not freely tradable. ## SEC filing metadata - accession: 0001193125-25-152915 - form_type: 8-K - ticker: STX - cik: 0001137789 - company_name: Seagate Technology Holdings plc - filed_at: 2025-06-30T23:59:59+00:00 - event_type: debt - sentiment: neutral - materiality_score: 0.6 - calibrated_materiality_score: 0.6 - confidence: high - sec_items: 1.01, 2.03, 7.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1137789/000119312525152915/0001193125-25-152915-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1137789/000119312525152915/d56001d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-25-152915 - JSON: https://secwatch.observer/filing/0001193125-25-152915.json - Plain text: https://secwatch.observer/filing/0001193125-25-152915.txt ## Key facts - Debt Financings Seagate Technology Holdings plc incurred senior notes of $44,848,000 aggregate principal amount of 3.375% Senior Notes due 2031 with Computershare Trust Company, National Association, as trustee at 3.375% maturing due 2031. - Instrument: senior notes - Principal: $44,848,000 aggregate principal amount of 3.375% Senior Notes due 2031 - Counterparty: Computershare Trust Company, National Association, as trustee - Rate: 3.375% - Maturity: due 2031 - Event: incurrence source text: • $44,848,000 aggregate principal amount of 3.375% Senior Notes due 2031 (the “New 3.375% Notes”); evidence_url: https://www.sec.gov/Archives/edgar/data/1137789/000119312525152915/0001193125-25-152915-index.htm - Debt Financings Seagate Technology Holdings plc incurred senior notes of $99,828,000 aggregate principal amount of 3.125% Senior Notes due 2029 with Computershare Trust Company, National Association, as trustee at 3.125% maturing due 2029. - Instrument: senior notes - Principal: $99,828,000 aggregate principal amount of 3.125% Senior Notes due 2029 - Counterparty: Computershare Trust Company, National Association, as trustee - Rate: 3.125% - Maturity: due 2029 - Event: incurrence source text: • $99,828,000 aggregate principal amount of 3.125% Senior Notes due 2029 (the “New 3.125% Notes”); evidence_url: https://www.sec.gov/Archives/edgar/data/1137789/000119312525152915/0001193125-25-152915-index.htm - Debt Financings Seagate Technology Holdings plc incurred senior notes of $430,913,000 aggregate principal amount of 4.091% Senior Notes due 2029 with Computershare Trust Company, National Association, as trustee at 4.091% maturing due 2029. - Instrument: senior notes - Principal: $430,913,000 aggregate principal amount of 4.091% Senior Notes due 2029 - Counterparty: Computershare Trust Company, National Association, as trustee - Rate: 4.091% - Maturity: due 2029 - Event: incurrence source text: On June 30, 2025 (the “Settlement Date”), SDST issued the following New Notes in exchange for Old Notes of the corresponding series validly tendered and accepted: • $430,913,000 aggregate principal amount of 4.091% Senior Notes due 2029 (the “New 4.091% Notes”); evidence_url: https://www.sec.gov/Archives/edgar/data/1137789/000119312525152915/0001193125-25-152915-index.htm - Debt Financings Seagate Technology Holdings plc incurred senior notes of $213,235,000 aggregate principal amount of 4.125% Senior Notes due 2031 with Computershare Trust Company, National Association, as trustee at 4.125% maturing due 2031. - Instrument: senior notes - Principal: $213,235,000 aggregate principal amount of 4.125% Senior Notes due 2031 - Counterparty: Computershare Trust Company, National Association, as trustee - Rate: 4.125% - Maturity: due 2031 - Event: incurrence source text: • $213,235,000 aggregate principal amount of 4.125% Senior Notes due 2031 (the “New 4.125% Notes”); evidence_url: https://www.sec.gov/Archives/edgar/data/1137789/000119312525152915/0001193125-25-152915-index.htm - Debt Financings Seagate Technology Holdings plc incurred senior notes of $492,014,000 aggregate principal amount of 8.250% Senior Notes due 2029 with Computershare Trust Company, National Association, as trustee at 8.250% maturing due 2029. - Instrument: senior notes - Principal: $492,014,000 aggregate principal amount of 8.250% Senior Notes due 2029 - Counterparty: Computershare Trust Company, National Association, as trustee - Rate: 8.250% - Maturity: due 2029 - Event: incurrence source text: • $492,014,000 aggregate principal amount of 8.250% Senior Notes due 2029 (the “New 8.250% Notes”); evidence_url: https://www.sec.gov/Archives/edgar/data/1137789/000119312525152915/0001193125-25-152915-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.