Seagate Closes $600 Million Exchangeable Notes Swap for Cash and Shares

Reuters02-20

Seagate Technology Holdings plc said it closed privately negotiated exchanges of $600 million principal amount of its subsidiary Seagate HDD Cayman’s 3.50% exchangeable senior notes due 2028 for about $599.2 million in cash and roughly 5.95 million Seagate ordinary shares. The exchanged notes were retired, and about $400 million principal amount remains outstanding on unchanged terms.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Seagate Technology Holdings plc published the original content used to generate this news brief via Business Wire (Ref. ID: 20260219166628) on February 19, 2026, and is solely responsible for the information contained therein.

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