Seagate closes $500M exchangeable note exchange for $503.4M cash + 4.3M shares

Seagate Technology Holdings plc

Exchanged $500M principal of 3.50% Exchangeable Senior Notes due 2028 for $503.4M cash and 4,313,941 ordinary shares.
Exchanged notes retired; ~$1.0B aggregate principal of notes remains outstanding with unchanged terms.
Exchanges closed on November 10 and 12, 2025 under privately negotiated agreements disclosed on November 5.
Transaction conducted as private placement exempt from registration under Section 4(a)(2) of Securities Act.

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