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19.02.26 - 23:09
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Seagate Announces Closing of Exchanges with Holders of $600 Million Principal Amount of Exchangeable Notes (Business Wire)
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SINGAPORE--(BUSINESS WIRE)--Seagate Technology Holdings plc (NASDAQ: STX) (“Seagate” or “Company”) and Seagate HDD Cayman, a subsidiary of Seagate (“Seagate HDD”), today announced that on February 19, 2026, the Company closed the previously announced privately negotiated exchanges (the “exchanges”) of $600 million principal amount of Seagate HDD's 3.50% Exchangeable Senior Notes due 2028 (the “notes”) for aggregate consideration consisting of approximately $599.2 million in cash and approximately 5.95 million ordinary shares of Seagate stock. The number of ordinary shares of Seagate stock issued pursuant to the exchanges was determined over the one trading day period beginning on, and including, February 12, 2026. The exchanged notes have been retired. Approximately $400 million in aggregate principal amount of notes remain outstanding with terms unchanged.
The exchanges were conducted as private placements, and the shares of common stock issued in the exchanges were issued pursuant t...
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13.02.26 - 14:12
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Seagate’s Stock Has Outperformed 99% of the S&P 500 in 2026 (24/7 Wall St.)
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Seagate Technology (NASDAQ:STX) has delivered one of the market's most impressive performances to start 2026. The stock has surged 56.6% year-to-date through February 12, crushing the S&P 500 over the same period. Here's what's more impressive: Seagate is the 5th best performer in the entire S&P500,meaning it's outperforming 99% of other large-cap stocks so far this ... Seagate's Stock Has Outperformed 99% of the S&P 500 in 2026
The post Seagate's Stock Has Outperformed 99% of the S&P 500 in 2026 appeared first on 24/7 Wall St.....
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12.02.26 - 14:06
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Seagate Announces Exchanges with Holders of $600 Million Principal Amount of Exchangeable Notes (Business Wire)
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SINGAPORE--(BUSINESS WIRE)--Seagate Technology Holdings plc (NASDAQ: STX) (“Seagate” or “us”) and Seagate HDD Cayman, a subsidiary of Seagate (“Seagate HDD”) today announced that on February 11, 2026, they entered into separate, privately negotiated exchange agreements with a limited number of holders of Seagate HDD's 3.50% Exchangeable Senior Notes due 2028 (the “notes”) to exchange (collectively, the “exchanges”) $600 million principal amount of notes for consideration consisting of an aggregate of approximately $599.2 million in cash and a number of Seagate's ordinary shares (the “ordinary shares”) to be determined over a one trading day period beginning on, and including, February 12, 2026. The exchanges are expected to be consummated on or about February 17, 2026, subject to customary closing conditions. The notes being exchanged will be retired upon completion of the exchanges. Following the closing of the exchanges, Seagate HDD expects that approximately $400 million in ag...
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