SCOTTS VALLEY, Calif. - May 4, 2011 - Seagate Technology plc (NASDAQ: STX) today announced that it intends, subject to market and other conditions, to offer up to $600 million aggregate principal amount of senior notes due 2021 (the “Notes”) in a private placement. The Notes are expected to be issued by Seagate HDD Cayman, an indirect wholly-owned subsidiary of Seagate Technology plc, and guaranteed by Seagate Technology plc.
Seagate intends to use the net proceeds from the offering of the Notes for general corporate purposes, which may include, but are not limited to, the repayment, redemption and/or repurchase of a portion of its outstanding indebtedness, capital expenditures and investments in its business.
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Seagate is the world leader in hard disk drives and storage solutions.
Seagate Announces Offering Of $600 Million in Notes
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Seagate Announces Offering Of $600 Million in Notes
Seagate Technology Announces Offering Of $600 Million Of Senior Unsecured Notes