Seagate Technology 8-K
Debt financing
Retired remaining 3.50% exchangeable notes due 2028, paying principal in cash and settling excess exchange obligations in shares.
Filed 2026-09-09 08:42 ET
- 3.02 Unregistered Sales of Equity
- 7.01 Regulation FD Disclosure
- 8.01 Other Events
- 9.01 Financial Statements and Exhibits
Summary
Seagate completed the redemption and exchange of its remaining 3.50% exchangeable senior notes due 2028 on 9/8/2026. Notes not exchanged were redeemed for principal plus accrued interest; exchanged notes’ principal was paid in cash, with the excess exchange obligation settled in shares.
Key Figures
- Notes settled: approximately $150.7M in principal. Seagate paid approximately $150.97M in cash, including cash instead of fractional shares, and issued 1,647,862 ordinary shares.
- Exchanges covered $150.51M aggregate principal; the shares settled exchange obligations above principal.
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