Seagate Intends To Offer Up To Combined $1B Of Senior Notes Due 2029 And Senior Notes Due 2031 In Private Placement
Portfolio Pulse from Benzinga Newsdesk
Seagate plans to offer up to a combined $1 billion of senior notes due 2029 and senior notes due 2031 in a private placement.

May 23, 2023 | 11:36 am
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Seagate Technology (STX) intends to raise up to $1 billion through a private placement of senior notes due 2029 and 2031.
Seagate's plan to raise up to $1 billion through a private placement of senior notes will increase the company's debt, but it may also provide additional capital for growth and operations. The short-term impact on the stock price is neutral as the market will likely wait to see how the funds are utilized and the overall effect on the company's financial health.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100