Seagate Announces Pricing of $400 Million Senior Unsecured Notes

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Ltd. (SDST), a subsidiary of Seagate Technology Holdings plc, announced the pricing of a private offering of $400 million aggregate principal amount of 5.875% Senior Notes due 2030. The Notes, guaranteed by Seagate, Seagate Technology Unlimited Company, and Seagate HDD Cayman, will be priced at 100% of the aggregate principal amount and will bear interest at 5.875% per annum. The closing of the offering is expected to occur on or about May 27, 2025, subject to customary closing conditions. The Company intends to use the net proceeds from the offering to redeem all of its outstanding 4.875% Senior Notes due 2027 and to pay related fees and expenses.

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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.