The company said its subsidiary Seagate HDD Cayman issued $1,500 million in aggregate principal amount of 3.50% Exchangeable Senior Notes due 2028 on September 13, 2023, maturing on June 1, 2028.

1. 01

   The company said its subsidiary Seagate HDD Cayman issued $1,500 million in aggregate principal amount of 3.50% Exchangeable Senior Notes due 2028 on September 13, 2023, maturing on June 1, 2028.

2. 02

   The company said the initial exchange rate for the Notes is 12.1253 ordinary shares per $1,000 principal amount of Notes, equivalent to an initial exchange price of approximately $82.47 per share.

3. 03

   The company said it calculates dilutive shares using the if-converted method, and that they are reflected in GAAP EPS when the average market value of its ordinary shares for a reporting period exceeds the exchange price of $82.47. It also said the initial cap price of the capped call transactions is $107.8480 per share, and that the reduction or offset of dilution is subject to a cap.

4. 04

   The company presented that at a hypothetical quarterly average stock price of $100.00, if-converted dilutive shares of 3,188 (in thousands) are adjusted by 3,188 from capped calls, resulting in no net dilutive shares for non-GAAP EPS. At $110.00, it said 4,552 (in thousands) is adjusted by (4,196), leaving 356 (in thousands) in net dilutive shares.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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