The company said its subsidiary, Seagate Data Storage Technology Pte. Ltd, launched a private offering of senior notes due 2030 with aggregate principal amount of $400 million on May 12, 2025.

1. 01

   The company said its subsidiary, Seagate Data Storage Technology Pte. Ltd, launched a private offering of senior notes due 2030 with aggregate principal amount of $400 million on May 12, 2025.

2. 02

   Seagate HDD Cayman, the company said, issued a conditional full redemption notice on May 12, 2025 for all outstanding 4.875% Senior Notes due 2027. The redemption price is 100% of principal, plus the make-whole premium under the indenture for the notes, plus accrued and unpaid interest.

3. 03

   The company said the redemption is conditioned on receipt of net proceeds from one or more financing transactions that, together with cash on hand, are sufficient to pay the redemption price. It also said it plans to use the net proceeds from the notes, together with cash on hand, to fund the redemption and pay related fees and expenses.

4. 04

   The company said the notes are expected to be offered to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S, and to be guaranteed by Seagate, Seagate Technology Unlimited Company and Seagate HDD Cayman. It added that it cannot assure that the offering will be completed or guarantee its size or terms.

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