secwatch.observer — SEC 8-K summary
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Issuer:     Seagate Technology Holdings plc (STX)
CIK:        0001137789
Form:       8-K
Filed at:   2025-11-05T23:59:59+00:00
Accession:  0001193125-25-265772
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 3.02, 8.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Seagate exchanges $500M of 3.50% exchangeable notes for cash and shares
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- Exchange of $500M principal of 3.50% Exchangeable Senior Notes due 2028 for $503.4M cash plus ordinary shares.
- Share count to be determined over one trading day starting Nov 5, 2025; expected close Nov 10, 2025.
- After closing, ~$1.0B in aggregate principal of the notes will remain outstanding with unchanged terms.
- Exchanges are privately negotiated; shares issued will be unregistered and exempt from registration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1137789/000119312525265772/0001193125-25-265772-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1137789/000119312525265772/d67010d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-265772

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer