Seagate Technology completed the settlement of approximately $150.7 million principal amount of 3.50% exchangeable senior notes due 2028, paying approximately $150.97 million in cash and delivering 1,647,862 ordinary shares. Investors now have a completed Redemption and exchange settlement, with obligations resolved through both cash and equity.

Key Highlights

  • Seagate HDD Cayman paid approximately $150.97 million in cash on September 8, 2026.
  • The Subsidiary delivered 1,647,862 Seagate ordinary shares, each with a Par Value of $0.00001.
  • The settlement covered approximately $150.7 million of remaining 3.50% Exchangeable Senior Notes due 2028.

Seagate (NASDAQ: STX) HDD Cayman paid approximately $150.97 million in cash and delivered 1,647,862 ordinary shares on the September 8, 2026 redemption date.

$150.51M of Notes Exchanged

Seagate HDD Cayman delivered Seagate ordinary shares with a par value of $0.00001 per share, along with cash where needed instead of fractional shares.

Cash and Shares Complete Settlement

For exchanged notes, the principal was paid in cash, while the remaining exchange obligation above principal was settled with Seagate ordinary shares and applicable cash for fractional shares. The stated outcome was a completed settlement of all redemptions and exchanges involving the remaining notes.