Seagate Offering Thursday, May 28, 2026 0.00 Neutral

Seagate closes $185.9M exchangeable notes exchange for cash and stock

Seagate completed a privately negotiated exchange of $185.908 million principal amount of 3.50% exchangeable notes due 2028 for $185.908 million in cash and approximately 2.02 million ordinary shares. The transaction reduces outstanding debt while increasing share count, affecting capital structure and earnings per share metrics.

View original filing at SEC.gov →
AI-generated summary for informational purposes only. Always verify against the original filing. Not investment advice. BriefTape is not a registered investment adviser.

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