debt
confidence high
sentiment neutral
materiality 0.50
Western Digital to deliver 4.65M shares in exchange for $191M convertible notes
WESTERN DIGITAL CORP
- Exchange of approximately $191M aggregate principal of 3.00% Convertible Senior Notes due 2028 for cash and common stock.
- 4,653,572 Exchange Shares to be delivered, calculated using Aug 26, 2026 volume-weighted average price.
- Transaction reduces outstanding convertible debt; privately negotiated with certain note holders.