secwatch.observer — SEC 8-K summary
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Issuer:     Seagate Technology Holdings plc (STX)
CIK:        0001137789
Form:       8-K
Filed at:   2026-02-12T23:59:59+00:00
Accession:  0001193125-26-047755
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 $600M of 3.50% Notes due 2028 for $599.2M cash and shares
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- Entered exchange agreements for $600M principal of 3.50% Exchangeable Notes due 2028.
- Consideration: ~$599.2M cash plus ordinary shares to be determined over one trading day starting Feb 12, 2026.
- Closing expected on or about Feb 17, 2026; ~$400M in notes will remain outstanding.
- Notes exchanged will be retired; transaction is a private placement under Section 4(a)(2).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1137789/000119312526047755/0001193125-26-047755-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1137789/000119312526047755/d49215d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-047755

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