---
title: "Seagate exchanges $185.91 million exchangeable notes for cash and shares"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287220406.md"
description: "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."
datetime: "2026-05-21T12:30:28.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287220406.md)
  - [en](https://longbridge.com/en/news/287220406.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287220406.md)
---

# Seagate exchanges $185.91 million exchangeable notes for cash and shares

-   Seagate Technology entered privately negotiated exchanges to retire USD 185.91 million principal amount of Seagate HDD Cayman’s 3.50% Exchangeable Senior Notes due 2028. \* Holders will receive USD 185.91 million in cash plus Seagate ordinary shares, with the share amount set over a one-day pricing period starting May 21. \* Closing is expected on or about May 26, subject to customary conditions. \* About USD 185.8 million principal amount of the notes is expected to remain outstanding after the transaction. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Seagate Technology Holdings plc published the original content used to generate this news brief via Business Wire (Ref. ID: 202605210830BIZWIRE\_USPR\_\_\_\_\_20260521\_BW360677) on May 21, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)

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