Seagate Technology Holdings Plc
Seagate Announces $400 Million Senior Notes Offering and Redemption of Existing Notes
Summary
Seagate Technology Holdings plc announced the private offering of $400 million in senior notes due 2030 by its subsidiary, Seagate Data Storage Technology Pte. Ltd. The offering is expected to finance the redemption of all outstanding 4.875% Senior Notes due 2027. The notes will be offered to qualified institutional buyers under Rule 144A and in offshore transactions under Regulation S. The redemption is conditioned on the receipt of net proceeds from financing transactions. A press release detailing the offering and redemption is furnished as Exhibit 99.1.
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Exhibits (1)
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About Seagate Technology Holdings Plc
Seagate Technology Holdings Plc is a leading provider of data storage solutions integral to the information technology industry. Its primary function is to design, manufacture, and supply a wide array of hard disk drives (HDDs) and storage systems, which are crucial for data management and storage in various sectors. Seagate's innovative storage solutions cater to the needs of consumers, small businesses, and large enterprises, supporting critical functions such as data centers, cloud computing, and client computing applications. Established in 1979, Seagate has consistently been at the forefront of data storage technology, introducing cutting-edge solutions that enhance storage efficiency and capacity. The company's products have widespread applications across multiple industries, including technology, healthcare, automotive, and finance, playing an indispensable role in facilitating the ever-growing demand for data storage and management. Through its advanced research and development initiatives, Seagate Technology Holdings Plc continues to influence the market landscape by driving innovations in storage technologies and solutions, thereby maintaining its significant market presence and leadership.
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