Seagate closes exchange of $600M notes for $599M cash and 5.95M shares

Seagate Technology Holdings plc

$600M principal of 3.50% Exchangeable Senior Notes due 2028 exchanged for $599.2M cash and 5.95M ordinary shares.
Exchanged notes retired; approximately $400M principal remains outstanding with unchanged terms.
Private exchange closed on Feb 17-19, 2026; share count based on one trading day from Feb 12, 2026.
Transaction exempt from registration under Section 4(a)(2) of Securities Act; no public offering.

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