UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01 Other Events.
Private offering of senior notes
On May 12, 2025, Seagate Technology Holdings plc (the “Company”) issued a press release announcing the launch by its subsidiary, Seagate Data Storage Technology Pte. Ltd, of a private offering of $400 million aggregate principal amount of senior notes due 2030 (the “Notes”). A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. PJT Partners served as financial advisor to the Company for the transaction.
Redemption of 4.875% Senior Notes due 2027
On May 12, 2025, in connection with the offering of the Notes, Seagate HDD Cayman, a subsidiary of the Company, issued a notice of conditional full redemption providing for the redemption (the “Redemption”) of all of Seagate HDD Cayman’s outstanding 4.875% Senior Notes due 2027 (the “2027 Notes”) at a redemption price equal to 100% of the principal amount of the 2027 Notes, plus a “make-whole” premium set forth in the indenture governing the 2027 Notes, plus accrued and unpaid interest to, but excluding, the redemption date (the “Redemption Price”). The Redemption is conditioned upon receipt on or prior to the redemption date of net proceeds from one or more financing transactions in an amount, together with cash on hand, sufficient to pay the Redemption Price on or prior to the redemption date.
The information contained in this Item 8.01 is for informational purposes only and shall not constitute a notice of redemption for the 2027 Notes or an offer to sell or the solicitation of an offer to buy the 2027 Notes or the Notes, nor shall there be any sale of the Notes in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. |
Description | |
| 99.1 | Press Release, dated May 12, 2025, of Seagate Technology Holdings plc entitled “Seagate Announces $400.0 Million Senior Unsecured Notes Offering.” | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: May 12, 2025 | SEAGATE TECHNOLOGY HOLDINGS PUBLIC LIMITED COMPANY | |||||
| By: | /s/ Gianluca Romano | |||||
| Name: | Gianluca Romano | |||||
| Title: | Executive Vice President and Chief Financial Officer (Principal Financial and Accounting Officer) | |||||