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 due in 2030. These notes, bearing an interest rate of 5.875% per annum, were priced at 100% of their aggregate principal amount. The proceeds from this offering, alongside existing cash reserves, will be utilized to redeem all outstanding 4.875% senior notes due in 2027 and cover related fees and expenses. The closing of this offering is anticipated around May 27, 2025, subject to standard closing conditions.
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