Seagate exchanges $185.9 million in exchangeable notes for cash and shares
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/12/2026
- Wall Street rises on Iran war peace deal hopes, SpaceX's historic debut
- SpaceX prices historic IPO at $135/share in largest ever new listing
- 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
- UBS cuts gold price forecasts on delayed Fed easing outlook
- Brent falls to lowest since March on expected peace deal
- NASDAQ adds five companies to NASDAQ-100 index in quarterly rebalance
- Adobe CFO Dan Durn to depart company in June 2026
- Oppenheimer Starts SpaceX (SPCX) at Outperform, PT $190, 'space infrastructure appears structurally advantaged'
- Pentagon reportedly locked down, hazmat teams responding
- Super Micro Computer establishes $1.25 billion stock sale agreement
Seagate Announces Exchanges with Holders of $185.908 Million Principal Amount of Exchangeable Notes
May 21, 2026 8:30 AM EDTSINGAPORE--(BUSINESS WIRE)-- Seagate Technology Holdings plc (NASDAQ: STX) (Seagate or us) and Seagate HDD Cayman, a subsidiary of Seagate (Seagate HDD) today announced that on May 20, 2026, they entered into separate, privately negotiated exchange agreements with a limited number of holders of Seagate HDDs 3.50% Exchangeable Senior Notes due 2028 (the notes) to exchange (collectively, the exchanges) $185.908 million principal amount of notes for consideration consisting of an aggregate of $185.908 million in cash and a number of Seagates ordinary shares (the ordinary shares) to be determined over a one trading day period beginning on, and including, May 21, 2026. The exchanges are... More
