Seagate calls all $150.7M of 3.50% Exchangeable Senior Notes due 2028 for redemption

Seagate Technology Holdings plc

Redemption notice issued for all outstanding 3.50% Exchangeable Senior Notes due 2028.
Redemption date Sept 8, 2026; exchange deadline Sept 3, 2026.
Exchange rate: 12.1363 ordinary shares per $1,000 principal, adjusted June 25 for $0.74 dividend.
Principal paid in cash; excess settled in shares; expects to eliminate ~$150.7M debt.
Holders who do not exchange by deadline will receive cash equal to principal plus accrued interest.

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