secwatch.observer — SEC 8-K summary
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Issuer:     Seagate Technology Holdings plc (STX)
CIK:        0001137789
Form:       8-K
Filed at:   2025-11-13T23:59:59+00:00
Accession:  0001193125-25-279125
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 3.02, 8.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1137789/000119312525279125/0001193125-25-279125-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1137789/000119312525279125/d76399d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-279125

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