secwatch.observer — SEC 8-K summary
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Issuer:     WESTERN DIGITAL CORP (WDC)
CIK:        0000106040
Form:       8-K
Filed at:   2026-06-03T12:00:06+00:00
Accession:  0001193125-26-254621
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 3.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/106040/000119312526254621/0001193125-26-254621-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/106040/000119312526254621/d106828d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-254621

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