Seagate Announces $400 Million Senior Notes Issuance and Exchange Offers

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Ltd., a subsidiary of Seagate Technology Holdings plc, issued $400 million in aggregate principal amount of 5.875% Senior Notes due 2030. The Notes were issued pursuant to an indenture and are guaranteed by Seagate Technology Holdings plc and Seagate Technology Unlimited Company. Simultaneously, Seagate Technology Holdings plc announced exchange offers for certain outstanding debt securities, inviting holders to exchange their existing notes for new notes issued by Seagate Data Storage Technology Ptd. Ltd. The exchange offers are part of a broader effort to manage the company's debt portfolio and financial structure.

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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.