Seagate Priced $1.3B Exchangeable Senior Unsecured Notes
Portfolio Pulse from Benzinga Newsdesk
Seagate HDD Cayman, a subsidiary of Seagate Technology Holdings plc (NASDAQ:STX), has priced its offering of $1.3 billion aggregate principal amount of exchangeable senior notes due 2028 at 100% of the aggregate principal amount. The notes will bear interest at a rate of 3.50% per annum. The company has also granted the initial purchasers an option to purchase up to an additional $200 million aggregate principal amount of notes to cover over-allotments.
September 08, 2023 | 11:01 am
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Seagate Technology Holdings plc's subsidiary has priced its $1.3 billion exchangeable senior notes offering. This could potentially increase the company's liquidity and strengthen its financial position.
The pricing of the $1.3 billion exchangeable senior notes by Seagate's subsidiary could potentially increase the company's liquidity and strengthen its financial position. This could have a positive impact on the company's stock in the short term.
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