Seagate exchanges $185.9M in 3.50% exchangeable notes for cash and shares

Seagate Technology Holdings plc

Exchanged $185.908M principal of 3.50% Exchangeable Senior Notes due 2028 for $185.908M cash plus ordinary shares.
Share count to be determined over one trading day beginning May 21, 2026; closing expected May 26, 2026.
Exchanged notes will be retired; ~$185.8M in principal of the same notes will remain outstanding unchanged.
Transaction conducted as private placement under Section 4(a)(2); shares not registered under Securities Act.

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