Seagate Technology Holdings plc, through its subsidiary Seagate Data Storage Technology Pte. Ltd., has announced the pricing of a private offering of $400 million in senior unsecured notes. These notes are due in 2030 and will bear an interest rate of 5.875% per annum. The offering, expected to close around May 27, 2025, aims to finance the redemption of all outstanding 4.875% Senior Notes due 2027, alongside paying related fees and expenses. The notes will be guaranteed by Seagate, Seagate Technology Unlimited Company, and Seagate HDD Cayman. The offering is targeted at qualified institutional buyers and certain non-U.S. persons, and the notes will not be registered under the Securities Act or any other jurisdiction's securities laws.
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