Seagate (STX) Enters Exchange Agreements for $185.9M Senior Notes

1 hour ago 1

Maham Fatima

Sat, May 23, 2026 astatine 4:17 PM CDT 1 min read

Seagate Technology Holdings (NASDAQ:STX) is 1 of the best multibagger stocks to bargain successful 2026. On May 21, Seagate Technology and its subsidiary, Seagate HDD Cayman, person entered into private, abstracted speech agreements with a constricted fig of noteholders. The agreements outline the speech of $185.908 cardinal successful main magnitude of Seagate HDD’s 3.50% Exchangeable Senior Notes owed 2028.

The information for the transaction consists of $185.908 cardinal successful cash, on with a designated fig of Seagate Technology Holdings (NASDAQ:STX) mean shares. The nonstop fig of shares volition beryllium determined implicit a one-trading-day play opening May 21.

Seagate (STX) Enters Exchange Agreements for $185.9M Senior Notes

Subject to customary closing conditions, the exchanges are expected to adjacent connected oregon astir May 26, astatine which constituent the exchanged notes volition beryllium retired. Following the transaction, astir $185.8 cardinal successful aggregate main magnitude of the notes volition stay outstanding with unchanged terms.

Seagate Technology Holdings (NASDAQ:STX) is simply a information retention and exertion institution that offers a portfolio of precocious retention solutions to hyperscale unreality providers, enterprises, and consumers.

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