Western Digital Corporation
Western Digital Exchanges Convertible Notes for Cash and Stock
Summary
On June 2, 2026, Western Digital Corporation entered into exchange agreements with certain holders of its 3.00% Convertible Senior Notes due 2028. The holders agreed to exchange approximately $858.4 million aggregate principal amount of Notes for an amount in cash equal to the principal amount plus accrued interest, and a number of shares of common stock corresponding to the remaining value of the Notes. The exchange is expected to close on or after June 5, 2026, subject to customary closing conditions.
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About Western Digital Corporation
Western Digital Corporation is a global leader in data storage solutions, specializing in designing, manufacturing, and marketing high-performance hard drives and solid-state drives for a variety of applications. As one of the key players in the data storage industry, Western Digital's primary function is to provide reliable and innovative storage products that serve consumer, business, and enterprise needs. Its product portfolio encompasses solutions for desktop and notebook computers, data centers, and the embedded and removable storage market through brands like WD and SanDisk. Western Digital plays a crucial role in sectors such as cloud computing, data infrastructure, and mobile device manufacturing, catering to the ever-growing demand for efficient data storage and management technologies. The company's commitment to research and development has positioned it at the forefront of technological advancements, helping to drive the innovations required to manage the digital information explosion effectively. Founded in 1970 and headquartered in San Jose, California, Western Digital continues to influence industry standards, making significant contributions to the infrastructure that powers today's digital world.
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