Western Digital exchanges ~$191M of 3.00% Convertible Notes for cash and stock

WESTERN DIGITAL CORP

Exchanged ~$191.0M aggregate principal of 3.00% Convertible Senior Notes due 2028.
Consideration: ~$192.7M cash (principal + accrued interest) plus common stock for remaining conversion value.
Conversion value based on volume-weighted average price of WDC common stock on Aug 26, 2026.
Expected close on or after Sept 2, 2026, subject to customary closing conditions.

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