Seagate exchanges $185.91 million exchangeable notes for cash and shares
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Seagate Technology has entered into exchanges to retire $185.91 million of its 3.50% Exchangeable Senior Notes due 2028. Holders will receive cash and shares, with the share amount determined over a one-day pricing period starting May 21. The transaction is expected to close around May 26, with approximately $185.8 million of the notes remaining outstanding post-transaction.
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