Western Digital exchanges ~$858M convertible notes for cash and stock, reducing debt

WESTERN DIGITAL CORP

Entered exchange agreements on June 2, 2026 for 3.00% Convertible Senior Notes due 2028.
Approximately $858.4 million aggregate principal amount of notes exchanged.
Holders receive cash equal to principal plus accrued interest, plus common shares based on VWAP on June 3-4, 2026.
Transaction expected to close on or after June 5, 2026.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.