---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-279125"
form_type: "8-K"
ticker: "STX"
cik: "0001137789"
company_name: "Seagate Technology Holdings plc"
filed_at: "2025-11-13T23:59:59+00:00"
generated_at: "2026-05-16T20:08:56.788907+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-279125
- form_type: 8-K
- ticker: STX
- cik: 0001137789
- company_name: Seagate Technology Holdings plc
- filed_at: 2025-11-13T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 3.02, 8.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1137789/000119312525279125/0001193125-25-279125-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1137789/000119312525279125/d76399d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-279125
- JSON: https://secwatch.observer/filing/0001193125-25-279125.json
- Plain text: https://secwatch.observer/filing/0001193125-25-279125.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.