Seagate closes exchange of $185.9M exchangeable notes for cash and 2.02M shares

Seagate Technology Holdings plc

Exchanged $185.908M principal of 3.50% Exchangeable Senior Notes due 2028 for $185.908M cash and 2,023,124 ordinary shares.
Exchanges closed May 26-27, 2026; pricing determined over one trading day starting May 21, 2026.
Exchanged notes retired; approximately $185.8M aggregate principal amount of notes remain outstanding unchanged.
Transaction conducted as private placement exempt from registration under Section 4(a)(2) of Securities Act.

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