Seagate announces exchange offers for certain outstanding debt securities

Fremont, calif.--( business wire )--seagate hdd cayman (the “company”), a subsidiary of seagate technology holdings plc (nasdaq: stx), today announced the commencement of exchange offers (each, an “exchange offer” and together, the “exchange offers”) to certain eligible holders of the company's outstanding debt securities listed in the table below (together, the “existing notes” and each a “series” of existing notes) to exchange existing notes for up to $500 million in aggregate principal amount of the company's 9.625% senior notes due 2032 (the “new notes”). the complete terms of the new notes are set forth in a confidential offering memorandum, dated today (the “offering memorandum”), and the related letter of transmittal, dated today (together with the offering memorandum, the “offering documents”).
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