Form 8-K Seagate Technology plc For: Nov 24

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

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FORM�8-K

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CURRENT REPORT

Pursuant to Section�13 or 15(d)�of

The Securities Exchange Act of 1934

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Date of report (date of earliest event reported): November�24, 2014

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SEAGATE TECHNOLOGY PUBLIC LIMITED COMPANY

(Exact name of Registrant as specified in its charter)

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Registrant�s telephone number, including area code: (353) (1)�234-3136

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(Former name or former address, if changed since last report)

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Check the appropriate box below if the Form�8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

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o	Written communications pursuant to Rule�425 under the Securities Act (17 CFR 230.425)

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o	Soliciting material pursuant to Rule�14a-12 under the Exchange Act (17 CFR 240.14a-12)

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o	Pre-commencement communications pursuant to Rule�14d-2(b)�under the Exchange Act (17 CFR 240.14d-2(b))

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o	Pre-commencement communications pursuant to Rule�13e-4(c)�under the Exchange Act (17 CFR 240.13e-4(c))

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Item 8.01����� Other Events.

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On November�24, 2014, Seagate Technology plc (the �Company�) issued a press release announcing the pricing and increased size of its offering of 5.75% Senior Notes due 2034 (the �Notes�) to qualified institutional buyers pursuant to Rule�144A and in offshore transactions pursuant to Regulation S under the Securities Act of 1933, as amended. A copy of this press release is attached to this Current Report on Form�8-K as Exhibit�99.1 and is incorporated herein by reference.

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Item 9.01����� Financial Statements and Exhibits.

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(d)�Exhibits.

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The following exhibit is attached to this Current Report on Form�8-K:

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Exhibit�No.	�	Description
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99.1	�	Press release, dated November�24, 2014, of Seagate Technology plc entitled �Seagate Technology Announces Pricing and Increased Size of Senior Unsecured Notes Offering.�

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SIGNATURE

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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.

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�	SEAGATE TECHNOLOGY PUBLIC LIMITED COMPANY
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�	By:	/s/ PATRICK J. O�MALLEY,�III
�	Name:	Patrick J. O�Malley
�	Title:	Executive Vice President and Chief Financial Officer

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Date: November�24, 2014

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Exhibit 99.1

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�	Media Relations Contact: Scott Horn (408.658.1820) [email protected]

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SEAGATE TECHNOLOGY ANNOUNCES PRICING AND INCREASED SIZE
OF SENIOR UNSECURED NOTES OFFERING

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CUPERTINO, CA � November�24, 2014 � Seagate Technology plc (NASDAQ: STX) announced that it has increased the size of its previously announced offering of $300 million aggregate principal amount of senior notes due 2034 (the �Notes�) to $500 million. The Notes were priced at 99.706% of the aggregate principal amount and will bear interest at a rate of 5.75% per annum. The Notes will be issued by Seagate HDD Cayman (�HDD Cayman�), an indirect wholly-owned subsidiary of Seagate Technology plc (�Seagate�), and guaranteed by Seagate Technology plc.

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The Notes are being sold in a private placement to qualified institutional buyers pursuant to Rule�144A and Regulation S under the Securities Act of 1933, as amended (the �Securities Act�). The sale of the Notes is expected to close on December�2, 2014, subject to customary closing conditions.

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Seagate estimates that the net proceeds from the offering will be approximately $492 million after deducting underwriting discounts and estimated offering expenses.

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HDD Cayman intends to use the net proceeds from the offering for general corporate purposes, which may include, but are not limited to, the retirement of a portion of its existing indebtedness (including funding the redemption of all of its remaining outstanding 6.800% Senior Notes due 2016), capital expenditures and other investments in the business.

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About Seagate

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Seagate is a world leader in hard disk drives and storage solutions.

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This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes nor shall there be any sale of the Notes in any state in which such offer, solicitation or sale would be unlawful. The Notes to be offered have not been and will not be registered under the Securities Act, or applicable state securities laws, and may not be offered or sold in the United States absent registration or pursuant to an applicable exemption from the registration requirements of the Securities Act of 1933 and applicable state securities laws.

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