Seagate prices $500M debt offering


Seagate HDD Cayman, a subsidiary of Seagate Technology (NASDAQ:STX) has priced $500M of 4.125% senior unsecured notes due 2031 at 99.859% of the principal amount.

Closing date is June 10, 2020.

Net proceeds together with cash on hand will be used to finance its concurrent tender offers to purchase up to $225M of 4.750% senior notes due 2023 and up to $275M in 4.250% senior notes due 2022 and remaining for general corporate purposes.





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