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STX · Seagate Technology Holdings plc · Financials

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$774.83 -32.75 (-4.05%) At close · Oct 8
Market Cap
$183.03B
Shares
226.64M
Volume · Oct 8 5.07M Avg daily vol (3M) 4.63M

Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.

Revenue
$12.2B +34.1%
FY2026 Revenue FY2009–FY2026
Net Income
$3.18B +116.7%
FY2026 Net Income FY2009–FY2026
Gross Margin
45.58% +10.4pp
FY2026 Gross Margin FY2009–FY2026
Operating Margin
33.57% +12.8pp
FY2026 Operating Margin FY2009–FY2026
Diluted EPS
$13.90 +105.3%
FY2026 Diluted EPS FY2009–FY2026
Operating Cash Flow
$3.67B +239.2%
FY2026 Operating Cash Flow FY2009–FY2026

Chart any reported metric, KPI or segment over time — the full statement history lives here

Line Item FY2026 FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018 FY2017 FY2016 FY2015 FY2014 FY2013 FY2012 FY2011 FY2010 FY2009
$12.2B $9.1B $6.55B $7.38B $11.66B $10.68BG $10.51B $10.39B $11.18B $10.77B $11.16B $13.74B $13.72B $14.35B $14.94B $10.97B $11.4B $9.81B
$6.64B $5.9B $5.02B $6.03B $8.19B $7.76B $7.67B $7.46B $7.82B $7.6B $8.55B $9.93B $9.88B $10.41B $10.26B $8.83B $8.19B $8.4B
$5.56B $3.2B $1.54B $1.35B $3.47B $2.92B $2.84B $2.93B $3.36B $3.17B $2.62B $3.81B $3.85B $3.94B $4.68B $2.15B $3.2B $1.41B
45.58% 35.18% 23.45% 18.3% 29.75% 27.31% 27.04% 28.22% 30.08% 29.47% 23.43% 27.72% 28.02% 27.45% 31.35% 19.56% 28.12% 14.38%
$755M $724M $654M $797M $941M $903M $973M $991M $1.03B $1.23B $1.24B $1.35B $1.23B $1.13B $1.01B $875M $877M $953M
$577M $561M $460M $491M $559M $502M $473M $453M $562M $606M $635M $857M $722M $635M $528M $445M $437M $537M
$8M $0 $0 $9M $20M $29M $53M $77M $111M $168M $174M $152M $131M $147M $75M $6M $27M $55M
$276M $251M $264M $513M $451M $397M $379M $541M $598M $749M $815M $841M $879M $873M $814M $754M $780M $931M
— $13M -$30M $102M $3M $8M $82M $22M $89M $178M $175M $32M $24M $2M $4M $18M $66M $210M
$8.1B $7.21B $6.1B $7.73B $9.71B $9.19B $9.21B $8.9B $9.55B $9.72B $10.72B $11.68B $11.95B $12.26B $11.83B $10.17B $9.66B $12.47B
$4.09B $1.89B $452M -$342M $1.96B $1.49B $1.3B $1.49B $1.63B $1.05B $445M $2.06B $1.78B $2.09B $3.11B $806M $1.74B -$2.67B
33.57% 20.78% 6.9% -4.63% 16.77% 13.97% 12.37% 14.31% 14.61% 9.79% 3.99% 14.98% 12.94% 14.57% 20.8% 7.35% 15.27% -27.18%
$4.37B $2.14B $716M $171M $2.41B $1.89B $1.68B $2.03B $2.23B $1.8B $1.26B $2.9B $2.66B $2.96B $3.92B $1.56B $2.52B -$1.73B
$284M $321M $332M $313M $249M $220M $201M $224M $236M $222M $193M $207M $195M $214M $241M $214M $174M $143M
$30M $25M $15M $10M $2M $2M $20M $84M $38M $12M $3M $6M $8M $8M $8M $7M $6M $17M
-$404M -$377M -$7M -$154M -$276M -$144M -$268M -$115M -$216M -$239M -$171M -$88M -$220M -$260M -$226M -$227M -$171M -$149M
— — — — — -$3M — $78M $25M — — — — — — — — —
— — -$29M $0 $8M $48M -$2M -$2M — — — — — — — — — —
$3.69B $1.51B $445M -$496M $1.68B $1.35B $1.03B $1.37B $1.42B $815M $274M $1.97B $1.56B $1.83B $2.88B $579M $1.57B -$2.81B
$506M $44M $110M $33M $30M $34M $28M -$640M $236M $43M $26M $228M -$14M -$7M $20M $68M -$40M $311M
$3.18B $1.47B $335M -$529M $1.65B $1.31B $1B $2.01B $1.18B $772M $248M $1.74B $1.57B $1.84B $2.86B $511M $1.61B -$3.13B
26.11% 16.15% 5.11% -7.16% 14.14% 12.3% 9.55% 19.36% 10.57% 7.17% 2.22% 12.68% 11.44% 12.81% 19.16% 4.66% 14.12% -31.87%
— — — — — — — — — — $0 $0 $0 $0 $0 $0 — —
$3.19B $1.46B $235M -$467M $1.73B $1.34B $972M $1.99B $1.18B $780M $253M $1.71B $1.58B $1.83B $2.86B $509M $1.61B -$3.12B
USD/shares $14.54 $6.93 $1.60 -$2.56 $7.50 $5.43 $3.83 $7.13 $4.10 $2.61 $0.83 $5.38 $4.66 $4.97 $6.72 $1.13 $3.28 -$6.40
USD/shares $13.90 $6.77 $1.58 -$2.56 $7.36 $5.36 $3.79 $7.06 $4.05 $2.58 $0.82 $5.26 $4.52 $4.81 $6.49 $1.09 $3.14 -$6.40
shares 219M 212M 209M 207M 220M 242M 262M 282M 288M 296M 299M 324M 337M 370M 426M 451M 491M 488M
shares 229M 217M 212M 207M 224M 245M 265M 285M 292M 299M 302M 331M 347M 382M 441M 467M 514M 488M
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative. (G): the company's own guidance — a (G) column is a guided period not yet reported; a G marker shows how the reported figure landed against the guided range. Non-GAAP-basis guidance (*) is shown as stated and never judged against GAAP actuals.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2009–FY2026: $16.64B in buybacks, $9.38B in dividends.

Debt Profile

Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.

Reported debt balances

Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.

Reported balanceAs ofAmountSource
Current portion of long-term debt 2026-07-03 USD 185,000,000 10-K filed 2026-08-04
Noncurrent debt carrying amount 2026-07-03 USD 3,380,000,000 10-K filed 2026-08-04
Operating lease liabilities 2026-07-03 USD 333,000,000 10-K filed 2026-08-04
Related accounting measures — not additional borrowing

Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.

Current operating lease liabilities
USD 40,000,000
Noncurrent operating lease liabilities
USD 293,000,000
9 filing observations remain unmatched and are excluded from instrument histories.
Instrument and agreement coverage is incomplete. Additional filings are awaiting review.
7 filings have incomplete source or extraction coverage. Verified observations are shown; missing observations do not establish that debt was unchanged.

Covenants

Some sections could not be verified in 2 agreement documents. Other restrictions or tests may apply.

Verified tests, triggers and restrictions appear with each agreement below. A verified term does not establish current compliance.

Loans, facilities and notes

Term Loan A3

TermLoan · Seagate HDD Cayman

Reference: Term Loan A3

Active
Original principal
USD 600,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
Jul 30, 2027

Last reported interest terms: term SOFR plus a variable margin of 1.25% to 2.50% Reported 2022-08-19 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2022-08-19 Original principal USD 600,000,000 Exact source document Parent 8-K filing · 2022-08-19
    On August 18, 2022, Seagate Technology Holdings public limited company (the “Company”) and its subsidiary Seagate HDD Cayman (the “Borrower”) entered into an amendment and joinder (the “Amendment”) to the Credit Agreement, dated as of February 20, 2019, by and among the Company, the Borrower, the lenders party thereto, and The Bank of Nova Scotia, as administrative agent (as amended from time to time, the “Credit Agreement”). Pursuant to the Amendment, the Credit Agreement was amended to provide for a $600.0 million principal amount Term Loan A3, the proceeds of which may be used for general corporate purposes of the Borrower. The Term Loan A3 was borrowed in full at the closing of the Amendment. The Term Loan A3 is repayable in quarterly installments beginning on December 31, 2022 and is scheduled to mature on July 30, 2027. Once repaid or prepaid, the Term Loan A3 may not be reborrowed. The Term Loan A3 will bear interest, at the Borrower’s option, at a prime rate plus a variable margin of 0.25% to 1.5% or term SOFR plus a variable margin of 1.25% to 2.50%, in each case with such margin being determined based on the corporate credit rating of the Borrower or one of its parent entities. The Term Loan A3 is guaranteed by the same guarantors (“Guarantors”) that guarantee the Credit Agreement. The Amendment also amended the Credit Agreement to replace the LIBOR interest rate options with term SOFR based interest rate options and to permit the Borrower to increase the revolving loan commitments or obtain new term loans of up to $100.0 million in the aggregate, subject to the satisfaction of certain terms and conditions. The other material terms of the Credit Agreement remain unchanged.
    Issuer evidence: On August 18, 2022, Seagate Technology Holdings public limited company (the “Company”) and its subsidiary Seagate HDD Cayman (the “Borrower”) entered into an amendment and joinder (the “Amendment”) to the Credit Agreement, dated as of February 20, 2019, by and among the Company, the Borrower, the lenders party thereto, and The Bank of Nova Scotia, as administrative agent (as amended from time to time, the “Credit Agreement”).
    Supporting evidence: On August 18, 2022, Seagate Technology Holdings public limited company (the “Company”) and its subsidiary Seagate HDD Cayman (the “Borrower”) entered into an amendment and joinder (the “Amendment”) to the Credit Agreement, dated as of February 20, 2019, by and among the Company, the Borrower, the lenders party thereto, and The Bank of Nova Scotia, as administrative agent (as amended from time to time, the “Credit Agreement”). Pursuant to the Amendment, the Credit Agreement was amended to provide for a $600.0 million principal amount Term Loan A3, the proceeds of which may be used for general corporate purposes of the Borrower. The Term Loan A3 was borrowed in full at the closing of the Amendment. The Term Loan A3 is repayable in quarterly installments beginning on December 31, 2022 and is scheduled to mature on July 30, 2027. Once repaid or prepaid, the Term Loan A3 may not be reborrowed. The Term Loan A3 will bear interest, at the Borrower’s option, at a prime rate plus a variable margin of 0.25% to 1.5% or term SOFR plus a variable margin of 1.25% to 2.50%, in each case with such margin being determined based on the corporate credit rating of the Borrower or one of its parent entities. The Term Loan A3 is guaranteed by the same guarantors (“Guarantors”) that guarantee the Credit Agreement. The Amendment also amended the Credit Agreement to replace the LIBOR interest rate options with term SOFR based interest rate options and to permit the Borrower to increase the revolving loan commitments or obtain new term loans of up to $100.0 million in the aggregate, subject to the satisfaction of certain terms and conditions. The other material terms of the Credit Agreement remain unchanged.

3.50% Exchangeable Senior Notes due 2028

Note · Seagate HDD Cayman

Reference: 3.50% Exchangeable Senior Notes due 2028

Active
Original principal
USD 1,500,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
Jun 1, 2028

Last reported interest terms: 3.5% Reported 2026-06-12 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Redemption · 2026-09-08 Exact source document Parent 8-K filing · 2026-06-12
    On September 8, 2026 (the “Redemption Date”), all then-outstanding Notes that are called for Redemption and have not been submitted for exchange will be redeemed for cash at a price (the “Redemption Price”) equal to the principal amount of such Notes plus accrued and unpaid interest on such Notes to, but excluding, the Redemption Date. On the Redemption Date, the Redemption Price will become due and payable upon each note to be redeemed and interest thereon will cease to accrue on and after the Redemption Date (unless Seagate HDD fails to pay the Redemption Price due on the Redemption Date in full, in which case interest thereon will continue to accrue until such time as Seagate HDD pays such Redemption Price in full).
    Issuer evidence: On June 11, 2026, Seagate HDD Cayman, a subsidiary of Seagate (the “Issuer” or “Seagate HDD”), issued a notice (the “Redemption Notice”) to holders of the Issuer’s 3.50% Exchangeable Senior Notes due 2028 (the “Notes”) calling for redemption (the “Redemption”) of all outstanding Notes.
    Supporting evidence: On June 11, 2026, Seagate HDD Cayman, a subsidiary of Seagate (the “Issuer” or “Seagate HDD”), issued a notice (the “Redemption Notice”) to holders of the Issuer’s 3.50% Exchangeable Senior Notes due 2028 (the “Notes”) calling for redemption (the “Redemption”) of all outstanding Notes.
    Supporting evidence: On June 11, 2026, Seagate HDD Cayman, a subsidiary of Seagate (the “Issuer” or “Seagate HDD”), issued a notice (the “Redemption Notice”) to holders of the Issuer’s 3.50% Exchangeable Senior Notes due 2028 (the “Notes”) calling for redemption (the “Redemption”) of all outstanding Notes.
    Supporting evidence: On June 11, 2026, Seagate HDD Cayman, a subsidiary of Seagate (the “Issuer” or “Seagate HDD”), issued a notice (the “Redemption Notice”) to holders of the Issuer’s 3.50% Exchangeable Senior Notes due 2028 (the “Notes”) calling for redemption (the “Redemption”) of all outstanding Notes.
  2. Exchange · 2026-05-28 Exact source document Parent 8-K filing · 2026-05-28
    On May 28, 2026, the Company issued a press release announcing the closing of a transaction the Company previously disclosed in a Current Report on the Form 8-K filed on May 21, 2026, whereby the Company and its subsidiary, Seagate HDD Cayman ("Seagate HDD") entered into separate, privately negotiated exchange agreements (the "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") $185.908 million principal amount of Notes for consideration consisting of an aggregate of $185.908 million in cash and 2,023,124 ordinary shares of the Company. The number of ordinary shares of the Company issued pursuant to the Exchanges was determined over the one trading day period beginning on, and including, May 21, 2026. The Exchanges were consummated on May 26-27, 2026.
    Issuer evidence: On May 28, 2026, the Company issued a press release announcing the closing of a transaction the Company previously disclosed in a Current Report on the Form 8-K filed on May 21, 2026, whereby the Company and its subsidiary, Seagate HDD Cayman ("Seagate HDD") entered into separate, privately negotiated exchange agreements (the "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") $185.908 million principal amount of Notes for consideration consisting of an aggregate of $185.908 million in cash and 2,023,124 ordinary shares of the Company. The number of ordinary shares of the Company issued pursuant to the Exchanges was determined over the one trading day period beginning on, and including, May 21, 2026. The Exchanges were consummated on May 26-27, 2026.
    Supporting evidence: On May 28, 2026, the Company issued a press release announcing the closing of a transaction the Company previously disclosed in a Current Report on the Form 8-K filed on May 21, 2026, whereby the Company and its subsidiary, Seagate HDD Cayman ("Seagate HDD") entered into separate, privately negotiated exchange agreements (the "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") $185.908 million principal amount of Notes for consideration consisting of an aggregate of $185.908 million in cash and 2,023,124 ordinary shares of the Company. The number of ordinary shares of the Company issued pursuant to the Exchanges was determined over the one trading day period beginning on, and including, May 21, 2026. The Exchanges were consummated on May 26-27, 2026.
  3. Exchange · 2026-05-26 Exact source document Parent 8-K filing · 2026-05-21
    Attached are Investor Exchange Procedures for the settlement of the exchange (the “Exchange”) of 3.50% Exchangeable Senior Notes due 2028, CUSIP 81180WBL4 (the “Old Notes”) of Seagate HDD Cayman (the “Issuer”) for cash (the “Cash Consideration”) and ordinary shares of Seagate Technology Holdings PLC (the “Company”), $0.00001 par value per share, CUSIP G7997R103 (the “Exchange Shares”) (collectively, the “Exchange Consideration”), pursuant to the Exchange Agreement, dated as of May 20, 2026, between you, the Company and the Issuer, which is expected to occur on May 26, 2026.
    Issuer evidence: Attached are Investor Exchange Procedures for the settlement of the exchange (the “Exchange”) of 3.50% Exchangeable Senior Notes due 2028, CUSIP 81180WBL4 (the “Old Notes”) of Seagate HDD Cayman (the “Issuer”) for cash (the “Cash Consideration”) and ordinary shares of Seagate Technology Holdings PLC (the “Company”), $0.00001 par value per share, CUSIP G7997R103 (the “Exchange Shares”) (collectively, the “Exchange Consideration”), pursuant to the Exchange Agreement, dated as of May 20, 2026, between you, the Company and the Issuer, which is expected to occur on May 26, 2026.
    Supporting evidence: Attached are Investor Exchange Procedures for the settlement of the exchange (the “Exchange”) of 3.50% Exchangeable Senior Notes due 2028, CUSIP 81180WBL4 (the “Old Notes”) of Seagate HDD Cayman (the “Issuer”) for cash (the “Cash Consideration”) and ordinary shares of Seagate Technology Holdings PLC (the “Company”), $0.00001 par value per share, CUSIP G7997R103 (the “Exchange Shares”) (collectively, the “Exchange Consideration”), pursuant to the Exchange Agreement, dated as of May 20, 2026, between you, the Company and the Issuer, which is expected to occur on May 26, 2026.
    Supporting evidence: Attached are Investor Exchange Procedures for the settlement of the exchange (the “Exchange”) of 3.50% Exchangeable Senior Notes due 2028, CUSIP 81180WBL4 (the “Old Notes”) of Seagate HDD Cayman (the “Issuer”) for cash (the “Cash Consideration”) and ordinary shares of Seagate Technology Holdings PLC (the “Company”), $0.00001 par value per share, CUSIP G7997R103 (the “Exchange Shares”) (collectively, the “Exchange Consideration”), pursuant to the Exchange Agreement, dated as of May 20, 2026, between you, the Company and the Issuer, which is expected to occur on May 26, 2026.
  4. Exchange · 2026-05-21 Exact source document Parent 8-K filing · 2026-05-21
    The undersigned investor (the “**Investor**”), for itself and, if applicable, on behalf of the beneficial owners listed on Exhibit A hereto (the “**Accounts**”) for whom the Investor holds contractual and investment authority (each, including the Investor if it is a party exchanging Old Notes (as defined below), an “**Exchanging Investor**”) hereby agrees to exchange (the “**Exchange**”), with Seagate Technology Holdings PLC, a public limited company incorporated under the laws of Ireland (the “**Company**”) and Seagate HDD Cayman, an exempted company incorporated under the laws of the Cayman Islands (the “**Issuer**”), the Issuer’s 3.50% Exchangeable Senior Notes due 2028, CUSIP 81180WBL4 (the “**Old Notes**”) set forth in Exhibit A hereto for cash and Ordinary Shares (the “**Exchange Shares**”), in the amounts set forth in and pursuant to the terms and conditions of this Exchange Agreement (this “**Exchange Agreement**”). The Old Notes were issued pursuant to that certain Indenture (the “**Existing Indenture**”), dated as of September 13, 2023, among the Issuer, as issuer, the Company and Seagate Technology Unlimited Company, a private unlimited company incorporated under the laws of Ireland, as guarantors, and Computershare Trust Company, National Association, as trustee (in such capacity, the “**Old Notes Trustee**”). For the avoidance of doubt, the term “**Existing Indenture**” will not include any amendments or supplements executed after the date hereof unless such amendment or supplement was consented to by the Exchanging Investor. If only one Exchanging Investor is identified in Exhibit A hereto, then each reference in this Exchange Agreement to “Exchanging Investors” will be deemed to be a reference to such Exchanging Investor identified in Exhibit A hereto, *mutatis mutandis*.
    Issuer evidence: The undersigned investor (the “**Investor**”), for itself and, if applicable, on behalf of the beneficial owners listed on Exhibit A hereto (the “**Accounts**”) for whom the Investor holds contractual and investment authority (each, including the Investor if it is a party exchanging Old Notes (as defined below), an “**Exchanging Investor**”) hereby agrees to exchange (the “**Exchange**”), with Seagate Technology Holdings PLC, a public limited company incorporated under the laws of Ireland (the “**Company**”) and Seagate HDD Cayman, an exempted company incorporated under the laws of the Cayman Islands (the “**Issuer**”), the Issuer’s 3.50% Exchangeable Senior Notes due 2028, CUSIP 81180WBL4 (the “**Old Notes**”) set forth in Exhibit A hereto for cash and Ordinary Shares (the “**Exchange Shares**”), in the amounts set forth in and pursuant to the terms and conditions of this Exchange Agreement (this “**Exchange Agreement**”). The Old Notes were issued pursuant to that certain Indenture (the “**Existing Indenture**”), dated as of September 13, 2023, among the Issuer, as issuer, the Company and Seagate Technology Unlimited Company, a private unlimited company incorporated under the laws of Ireland, as guarantors, and Computershare Trust Company, National Association, as trustee (in such capacity, the “**Old Notes Trustee**”). For the avoidance of doubt, the term “**Existing Indenture**” will not include any amendments or supplements executed after the date hereof unless such amendment or supplement was consented to by the Exchanging Investor. If only one Exchanging Investor is identified in Exhibit A hereto, then each reference in this Exchange Agreement to “Exchanging Investors” will be deemed to be a reference to such Exchanging Investor identified in Exhibit A hereto, *mutatis mutandis*.
    Supporting evidence: the Issuer's 3.50% Exchangeable Senior Notes due 2028, CUSIP 81180WBL4 (the "**Old Notes**") set forth in Exhibit A hereto for cash and Ordinary Shares (the "**Exchange Shares**"), in the amounts set forth in and pursuant to the terms and conditions of this Exchange Agreement (this "**Exchange Agreement**").
    Supporting evidence: the Issuer's 3.50% Exchangeable Senior Notes due 2028, CUSIP 81180WBL4 (the "**Old Notes**") set forth in Exhibit A hereto for cash and Ordinary Shares (the "**Exchange Shares**"), in the amounts set forth in and pursuant to the terms and conditions of this Exchange Agreement (this "**Exchange Agreement**").
  5. Exchange · 2026-05-20 Exact source document Parent 8-K filing · 2026-05-21
    On May 20, 2026, the Company and its subsidiary, Seagate HDD Cayman (“Seagate HDD”) entered into separate, privately negotiated exchange agreements (the “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”) $185.908 million principal amount of Notes for consideration consisting of an aggregate of $185.908 million in cash and a number of ordinary shares of the Company to be determined over a one trading day period beginning on, and including, May 21, 2026.
    Issuer evidence: On May 20, 2026, the Company and its subsidiary, Seagate HDD Cayman (“Seagate HDD”) entered into separate, privately negotiated exchange agreements (the “Exchange Agreements”) with a limited number of holders of Seagate HDD’s 3.50% Exchangeable Senior Notes due 2028 (the “Notes”)
    Supporting evidence: On May 20, 2026, the Company and its subsidiary, Seagate HDD Cayman (“Seagate HDD”) entered into separate, privately negotiated exchange agreements (the “Exchange Agreements”) with a limited number of holders of Seagate HDD’s 3.50% Exchangeable Senior Notes due 2028 (the “Notes”)
    Supporting evidence: On May 20, 2026, the Company and its subsidiary, Seagate HDD Cayman (“Seagate HDD”) entered into separate, privately negotiated exchange agreements (the “Exchange Agreements”) with a limited number of holders of Seagate HDD’s 3.50% Exchangeable Senior Notes due 2028 (the “Notes”)
  6. Exchange · 2026-02-17 Exact source document Parent 8-K filing · 2026-02-12
    Attached are Investor Exchange Procedures for the settlement of the exchange (the “**Exchange**”) of 3.50% Exchangeable Senior Notes due 2028, CUSIP 81180WBL4 (the “**Old** **Notes**”) of Seagate HDD Cayman (the “**Issuer**”) for cash (the “**Cash Consideration**”) and ordinary shares of Seagate Technology Holdings PLC (the “**Company**”), $0.00001 par value per share, CUSIP G7997R103 (the “**Exchange Shares**”) (collectively, the “**Exchange Consideration**”), pursuant to the Exchange Agreement, dated as of February 11, 2026, between you, the Company and the Issuer, which is expected to occur on February 17, 2026. To ensure timely settlement, please follow the instructions for the Exchange as set forth on the following page.
    Issuer evidence: Attached are Investor Exchange Procedures for the settlement of the exchange (the “**Exchange**”) of 3.50% Exchangeable Senior Notes due 2028, CUSIP 81180WBL4 (the “**Old** **Notes**”) of Seagate HDD Cayman (the “**Issuer**”) for cash (the “**Cash Consideration**”) and ordinary shares of Seagate Technology Holdings PLC (the “**Company**”), $0.00001 par value per share, CUSIP G7997R103 (the “**Exchange Shares**”) (collectively, the “**Exchange Consideration**”), pursuant to the Exchange Agreement, dated as of February 11, 2026, between you, the Company and the Issuer, which is expected to occur on February 17, 2026. To ensure timely settlement, please follow the instructions for the Exchange as set forth on the following page.
    Supporting evidence: Attached are Investor Exchange Procedures for the settlement of the exchange (the “**Exchange**”) of 3.50% Exchangeable Senior Notes due 2028, CUSIP 81180WBL4 (the “**Old** **Notes**”) of Seagate HDD Cayman (the “**Issuer**”) for cash (the “**Cash Consideration**”) and ordinary shares of Seagate Technology Holdings PLC (the “**Company**”), $0.00001 par value per share, CUSIP G7997R103 (the “**Exchange Shares**”) (collectively, the “**Exchange Consideration**”), pursuant to the Exchange Agreement, dated as of February 11, 2026, between you, the Company and the Issuer, which is expected to occur on February 17, 2026. To ensure timely settlement, please follow the instructions for the Exchange as set forth on the following page.
    Supporting evidence: Attached are Investor Exchange Procedures for the settlement of the exchange (the “**Exchange**”) of 3.50% Exchangeable Senior Notes due 2028, CUSIP 81180WBL4 (the “**Old** **Notes**”) of Seagate HDD Cayman (the “**Issuer**”) for cash (the “**Cash Consideration**”) and ordinary shares of Seagate Technology Holdings PLC (the “**Company**”), $0.00001 par value per share, CUSIP G7997R103 (the “**Exchange Shares**”) (collectively, the “**Exchange Consideration**”), pursuant to the Exchange Agreement, dated as of February 11, 2026, between you, the Company and the Issuer, which is expected to occur on February 17, 2026. To ensure timely settlement, please follow the instructions for the Exchange as set forth on the following page.
  7. Exchange · 2026-02-11 Exact source document Parent 8-K filing · 2026-02-12
    On February 11, 2026, the Company and its subsidiary, Seagate HDD Cayman (“Seagate HDD”) entered into separate, privately negotiated exchange agreements (the “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 ordinary shares of the Company 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.
    Issuer evidence: On February 11, 2026, the Company and its subsidiary, Seagate HDD Cayman (“Seagate HDD”) entered into separate, privately negotiated exchange agreements (the “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 ordinary shares of the Company 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.
    Supporting evidence: On February 11, 2026, the Company and its subsidiary, Seagate HDD Cayman (“Seagate HDD”) entered into separate, privately negotiated exchange agreements (the “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 ordinary shares of the Company 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.
    Supporting evidence: On February 11, 2026, the Company and its subsidiary, Seagate HDD Cayman (“Seagate HDD”) entered into separate, privately negotiated exchange agreements (the “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 ordinary shares of the Company 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.
  8. Exchange · 2025-11-10 Exact source document Parent 8-K filing · 2025-11-05
    Attached are Investor Exchange Procedures for the settlement of the exchange (the “Exchange”) of 3.50% Exchangeable Senior Notes due 2028, CUSIP 81180WBL4 (the “Old Notes”) of Seagate HDD Cayman (the “Issuer”) for cash (the “Cash Consideration”) and ordinary shares of Seagate Technology Holdings PLC (the “Company”), $0.00001 par value per share, CUSIP G7997R103 (the “Exchange Shares”) (collectively, the “Exchange Consideration”), pursuant to the Exchange Agreement, dated as of November 4, 2025, between you, the Company and the Issuer, which is expected to occur on November 10, 2025.
    Issuer evidence: Attached are Investor Exchange Procedures for the settlement of the exchange (the “Exchange”) of 3.50% Exchangeable Senior Notes due 2028, CUSIP 81180WBL4 (the “Old Notes”) of Seagate HDD Cayman (the “Issuer”) for cash (the “Cash Consideration”) and ordinary shares of Seagate Technology Holdings PLC (the “Company”), $0.00001 par value per share, CUSIP G7997R103 (the “Exchange Shares”) (collectively, the “Exchange Consideration”), pursuant to the Exchange Agreement, dated as of November 4, 2025, between you, the Company and the Issuer, which is expected to occur on November 10, 2025.
    Supporting evidence: Attached are Investor Exchange Procedures for the settlement of the exchange (the “Exchange”) of 3.50% Exchangeable Senior Notes due 2028, CUSIP 81180WBL4 (the “Old Notes”) of Seagate HDD Cayman (the “Issuer”) for cash (the “Cash Consideration”) and ordinary shares of Seagate Technology Holdings PLC (the “Company”), $0.00001 par value per share, CUSIP G7997R103 (the “Exchange Shares”) (collectively, the “Exchange Consideration”), pursuant to the Exchange Agreement, dated as of November 4, 2025, between you, the Company and the Issuer, which is expected to occur on November 10, 2025.
    Supporting evidence: Attached are Investor Exchange Procedures for the settlement of the exchange (the “Exchange”) of 3.50% Exchangeable Senior Notes due 2028, CUSIP 81180WBL4 (the “Old Notes”) of Seagate HDD Cayman (the “Issuer”) for cash (the “Cash Consideration”) and ordinary shares of Seagate Technology Holdings PLC (the “Company”), $0.00001 par value per share, CUSIP G7997R103 (the “Exchange Shares”) (collectively, the “Exchange Consideration”), pursuant to the Exchange Agreement, dated as of November 4, 2025, between you, the Company and the Issuer, which is expected to occur on November 10, 2025.
  9. Exchange · 2025-11-05 Exact source document Parent 8-K filing · 2025-11-05
    The undersigned investor (the “**Investor**”), for itself and, if applicable, on behalf of the beneficial owners listed on Exhibit A hereto (the “**Accounts**”) for whom the Investor holds contractual and investment authority (each, including the Investor if it is a party exchanging Old Notes (as defined below), an “**Exchanging Investor**”) hereby agrees to exchange (the “**Exchange**”), with Seagate Technology Holdings PLC, a public limited company incorporated under the laws of Ireland (the “**Company**”) and Seagate HDD Cayman, an exempted company incorporated under the laws of the Cayman Islands (the “**Issuer**”), the Issuer’s 3.50% Exchangeable Senior Notes due 2028, CUSIP 81180WBL4 (the “**Old Notes**”) set forth in Exhibit A hereto for cash and Ordinary Shares (the “**Exchange Shares**”), in the amounts set forth in and pursuant to the terms and conditions of this Exchange Agreement (this “**Exchange Agreement**”). The Old Notes were issued pursuant to that certain Indenture (the “**Existing Indenture**”), dated as of September 13, 2023, among the Issuer, as issuer, the Company and Seagate Technology Unlimited Company, a private unlimited company incorporated under the laws of Ireland, as guarantors, and Computershare Trust Company, National Association, as trustee (in such capacity, the “**Old Notes Trustee**”). For the avoidance of doubt, the term “**Existing Indenture**” will not include any amendments or supplements executed after the date hereof unless such amendment or supplement was consented to by the Exchanging Investor. If only one Exchanging Investor is identified in Exhibit A hereto, then each reference in this Exchange Agreement to “Exchanging Investors” will be deemed to be a reference to such Exchanging Investor identified in Exhibit A hereto, *mutatis mutandis*.
    Issuer evidence: The undersigned investor (the “**Investor**”), for itself and, if applicable, on behalf of the beneficial owners listed on Exhibit A hereto (the “**Accounts**”) for whom the Investor holds contractual and investment authority (each, including the Investor if it is a party exchanging Old Notes (as defined below), an “**Exchanging Investor**”) hereby agrees to exchange (the “**Exchange**”), with Seagate Technology Holdings PLC, a public limited company incorporated under the laws of Ireland (the “**Company**”) and Seagate HDD Cayman, an exempted company incorporated under the laws of the Cayman Islands (the “**Issuer**”), the Issuer’s 3.50% Exchangeable Senior Notes due 2028, CUSIP 81180WBL4 (the “**Old Notes**”) set forth in Exhibit A hereto for cash and Ordinary Shares (the “**Exchange Shares**”), in the amounts set forth in and pursuant to the terms and conditions of this Exchange Agreement (this “**Exchange Agreement**”). The Old Notes were issued pursuant to that certain Indenture (the “**Existing Indenture**”), dated as of September 13, 2023, among the Issuer, as issuer, the Company and Seagate Technology Unlimited Company, a private unlimited company incorporated under the laws of Ireland, as guarantors, and Computershare Trust Company, National Association, as trustee (in such capacity, the “**Old Notes Trustee**”). For the avoidance of doubt, the term “**Existing Indenture**” will not include any amendments or supplements executed after the date hereof unless such amendment or supplement was consented to by the Exchanging Investor. If only one Exchanging Investor is identified in Exhibit A hereto, then each reference in this Exchange Agreement to “Exchanging Investors” will be deemed to be a reference to such Exchanging Investor identified in Exhibit A hereto, *mutatis mutandis*.
    Supporting evidence: The undersigned investor (the “**Investor**”), for itself and, if applicable, on behalf of the beneficial owners listed on Exhibit A hereto (the “**Accounts**”) for whom the Investor holds contractual and investment authority (each, including the Investor if it is a party exchanging Old Notes (as defined below), an “**Exchanging Investor**”) hereby agrees to exchange (the “**Exchange**”), with Seagate Technology Holdings PLC, a public limited company incorporated under the laws of Ireland (the “**Company**”) and Seagate HDD Cayman, an exempted company incorporated under the laws of the Cayman Islands (the “**Issuer**”), the Issuer’s 3.50% Exchangeable Senior Notes due 2028, CUSIP 81180WBL4 (the “**Old Notes**”) set forth in Exhibit A hereto for cash and Ordinary Shares (the “**Exchange Shares**”), in the amounts set forth in and pursuant to the terms and conditions of this Exchange Agreement (this “**Exchange Agreement**”). The Old Notes were issued pursuant to that certain Indenture (the “**Existing Indenture**”), dated as of September 13, 2023, among the Issuer, as issuer, the Company and Seagate Technology Unlimited Company, a private unlimited company incorporated under the laws of Ireland, as guarantors, and Computershare Trust Company, National Association, as trustee (in such capacity, the “**Old Notes Trustee**”). For the avoidance of doubt, the term “**Existing Indenture**” will not include any amendments or supplements executed after the date hereof unless such amendment or supplement was consented to by the Exchanging Investor. If only one Exchanging Investor is identified in Exhibit A hereto, then each reference in this Exchange Agreement to “Exchanging Investors” will be deemed to be a reference to such Exchanging Investor identified in Exhibit A hereto, *mutatis mutandis*.
    Supporting evidence: The undersigned investor (the “**Investor**”), for itself and, if applicable, on behalf of the beneficial owners listed on Exhibit A hereto (the “**Accounts**”) for whom the Investor holds contractual and investment authority (each, including the Investor if it is a party exchanging Old Notes (as defined below), an “**Exchanging Investor**”) hereby agrees to exchange (the “**Exchange**”), with Seagate Technology Holdings PLC, a public limited company incorporated under the laws of Ireland (the “**Company**”) and Seagate HDD Cayman, an exempted company incorporated under the laws of the Cayman Islands (the “**Issuer**”), the Issuer’s 3.50% Exchangeable Senior Notes due 2028, CUSIP 81180WBL4 (the “**Old Notes**”) set forth in Exhibit A hereto for cash and Ordinary Shares (the “**Exchange Shares**”), in the amounts set forth in and pursuant to the terms and conditions of this Exchange Agreement (this “**Exchange Agreement**”). The Old Notes were issued pursuant to that certain Indenture (the “**Existing Indenture**”), dated as of September 13, 2023, among the Issuer, as issuer, the Company and Seagate Technology Unlimited Company, a private unlimited company incorporated under the laws of Ireland, as guarantors, and Computershare Trust Company, National Association, as trustee (in such capacity, the “**Old Notes Trustee**”). For the avoidance of doubt, the term “**Existing Indenture**” will not include any amendments or supplements executed after the date hereof unless such amendment or supplement was consented to by the Exchanging Investor. If only one Exchanging Investor is identified in Exhibit A hereto, then each reference in this Exchange Agreement to “Exchanging Investors” will be deemed to be a reference to such Exchanging Investor identified in Exhibit A hereto, *mutatis mutandis*.
  10. Issuance · 2023-09-13 Original principal USD 1,500,000,000 Exact source document Parent 8-K filing · 2023-09-13
    On September 13, 2023, Seagate HDD Cayman (“Seagate HDD”), an exempted company with limited liability organized under the laws of the Cayman Islands and a subsidiary of Seagate Technology Holdings plc (the “Company”), issued $1,500.0 million in aggregate principal amount of 3.50% Exchangeable Senior Notes due 2028 (the “Notes”), which includes $200.0 million aggregate principal amount of Notes offered and sold pursuant to the over-allotment option of the Initial Purchasers (as defined below) to purchase additional Notes, which was exercised in full on September 8, 2023. The Notes will mature on June 1, 2028, and were issued pursuant to an indenture, dated as of September 13, 2023 (the “Indenture”), among Seagate HDD, the Company, Seagate Technology Unlimited Company (together with the Company, the “Guarantors”) and Computershare Trust Company, National Association (the “Trustee”), as trustee of the Notes.
    Issuer evidence: On September 13, 2023, Seagate HDD Cayman (“Seagate HDD”), an exempted company with limited liability organized under the laws of the Cayman Islands and a subsidiary of Seagate Technology Holdings plc (the “Company”), issued $1,500.0 million in aggregate principal amount of 3.50% Exchangeable Senior Notes due 2028 (the “Notes”), which includes $200.0 million aggregate principal amount of Notes offered and sold pursuant to the over-allotment option of the Initial Purchasers (as defined below) to purchase additional Notes, which was exercised in full on September 8, 2023. The Notes will mature on June 1, 2028, and were issued pursuant to an indenture, dated as of September 13, 2023 (the “Indenture”), among Seagate HDD, the Company, Seagate Technology Unlimited Company (together with the Company, the “Guarantors”) and Computershare Trust Company, National Association (the “Trustee”), as trustee of the Notes.
    Supporting evidence: The Notes will mature on June 1, 2028, and were issued pursuant to an indenture, dated as of September 13, 2023 (the “Indenture”), among Seagate HDD, the Company, Seagate Technology Unlimited Company (together with the Company, the “Guarantors”) and Computershare Trust Company, National Association (the “Trustee”), as trustee of the Notes.
    Supporting evidence: Interest on the Notes will be payable in cash on March 1 and September 1 of each year, commencing on March 1, 2024, and upon maturity on June 1, 2028, to holders of record of the Notes on the February 15 and August 15 immediately preceding the interest payment date or, with respect to the interest payable on June 1, 2028, the preceding May 15, 2028, respectively.
    Supporting evidence: On September 13, 2023, Seagate HDD Cayman (“Seagate HDD”), an exempted company with limited liability organized under the laws of the Cayman Islands and a subsidiary of Seagate Technology Holdings plc (the “Company”), issued $1,500.0 million in aggregate principal amount of 3.50% Exchangeable Senior Notes due 2028 (the “Notes”), which includes $200.0 million aggregate principal amount of Notes offered and sold pursuant to the over-allotment option of the Initial Purchasers (as defined below) to purchase additional Notes, which was exercised in full on September 8, 2023. The Notes will mature on June 1, 2028, and were issued pursuant to an indenture, dated as of September 13, 2023 (the “Indenture”), among Seagate HDD, the Company, Seagate Technology Unlimited Company (together with the Company, the “Guarantors”) and Computershare Trust Company, National Association (the “Trustee”), as trustee of the Notes.
    Supporting evidence: On September 13, 2023, Seagate HDD Cayman (“Seagate HDD”), an exempted company with limited liability organized under the laws of the Cayman Islands and a subsidiary of Seagate Technology Holdings plc (the “Company”), issued $1,500.0 million in aggregate principal amount of 3.50% Exchangeable Senior Notes due 2028 (the “Notes”), which includes $200.0 million aggregate principal amount of Notes offered and sold pursuant to the over-allotment option of the Initial Purchasers (as defined below) to purchase additional Notes, which was exercised in full on September 8, 2023. The Notes will mature on June 1, 2028, and were issued pursuant to an indenture, dated as of September 13, 2023 (the “Indenture”), among Seagate HDD, the Company, Seagate Technology Unlimited Company (together with the Company, the “Guarantors”) and Computershare Trust Company, National Association (the “Trustee”), as trustee of the Notes.

4.091% Senior Notes due 2029

Note · Seagate HDD Cayman

Reference: 4.091% Senior Notes due 2029

Active
Original principal
USD 500,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
Jun 1, 2029

Last reported interest terms: 4.091% Reported 2020-06-18 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2020-06-18 Original principal USD 500,000,000 Exact source document Parent 8-K filing · 2020-06-18
    The Company has duly authorized the execution and delivery of this Indenture to provide for the issuance of up to $500,000,000 aggregate principal amount of the Company’s 4.091% Senior Notes due 2029 as provided herein (the “Initial Notes”, and together with the Exchange Notes and the Additional Notes, the “Notes”).
    Issuer evidence: INDENTURE, dated as of June 18, 2020, among SEAGATE HDD CAYMAN, an exempted company incorporated with limited liability under the laws of the Cayman Islands, as issuer (the “Company”), SEAGATE TECHNOLOGY plc, a public limited company organized under the laws of Ireland, as guarantor (the “Parent”) and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as trustee (the “Trustee”).
    Supporting evidence: The Company has duly authorized the execution and delivery of this Indenture to provide for the issuance of up to $500,000,000 aggregate principal amount of the Company’s 4.091% Senior Notes due 2029 as provided herein (the “Initial Notes”, and together with the Exchange Notes and the Additional Notes, the “Notes”).
  2. Issuance · 2020-06-18 Original principal USD 500,000,000 Exact source document Parent 8-K filing · 2020-06-18
    On June 18, 2020, Seagate HDD Cayman (“Seagate HDD”), an exempted company with limited liability organized under the laws of the Cayman Islands and a subsidiary of Seagate Technology plc (the “Company”), issued $500 million in aggregate principal amount of 4.091% Senior Notes due 2029 (the “New Notes”) in connection with Seagate HDD’s exchange offers to certain eligible holders of Seagate HDD’s outstanding 4.750% Senior Notes due 2025 and 4.875% Senior Notes due 2027 (the “Exchange Offers”). The New Notes mature on June 1, 2029, and were issued pursuant to an indenture, dated as of June 18, 2020 (the “Indenture”), among Seagate HDD, the Company and Wells Fargo Bank, National Association, as trustee of the New Notes (the “Trustee”). The Company has also entered into a registration rights agreement related to the New Notes, dated as of June 18, 2020 (the “Registration Rights Agreement”), among Seagate HDD, the Company and Morgan Stanley & Co. LLC and BofA Securities, Inc., as the lead dealer managers for the Exchange Offers.
    Issuer evidence: On June 18, 2020, Seagate HDD Cayman (“Seagate HDD”), an exempted company with limited liability organized under the laws of the Cayman Islands and a subsidiary of Seagate Technology plc (the “Company”), issued $500 million in aggregate principal amount of 4.091% Senior Notes due 2029 (the “New Notes”) in connection with Seagate HDD’s exchange offers to certain eligible holders of Seagate HDD’s outstanding 4.750% Senior Notes due 2025 and 4.875% Senior Notes due 2027 (the “Exchange Offers”). The New Notes mature on June 1, 2029, and were issued pursuant to an indenture, dated as of June 18, 2020 (the “Indenture”), among Seagate HDD, the Company and Wells Fargo Bank, National Association, as trustee of the New Notes (the “Trustee”). The Company has also entered into a registration rights agreement related to the New Notes, dated as of June 18, 2020 (the “Registration Rights Agreement”), among Seagate HDD, the Company and Morgan Stanley & Co. LLC and BofA Securities, Inc., as the lead dealer managers for the Exchange Offers.
    Supporting evidence: 4.091% Senior Notes due 2029 (the “New Notes”)

9.625% Senior Notes due 2032

Note · Seagate HDD Cayman

Reference: 9.625% Senior Notes due 2032

Active
Original principal
USD 749,999,600
Outstanding
—
Commitment
—
Availability
—
Maturity
Dec 1, 2032

Last reported interest terms: 9.625% Reported 2022-11-30 Later filings may not restate these terms; this does not confirm they still apply.

Verified covenant terms

  • Section 7.05 · Notice of Default Section 7.05 Notice of Default. If any Default occurs and is continuing and is actually known to a Responsible Officer of the Trustee, the Trustee will send notice of the Default to each Holder within 90 days after it occurs, unless the Default has been cured; Exceptions: except in the case of a default in the payment of the principal of or interest on any Note, the Trustee may withhold the notice if and so long as the Trustee in good faith determines that withholding the notice is in the interest of the Holders Section 7.05 Notice of Default
    Full wording and supporting evidence
    Source evidence: Section 7.05 Notice of Default. If any Default occurs and is continuing and is actually known to a Responsible Officer of the Trustee, the Trustee will send notice of the Default to each Holder within 90 days after it occurs, unless the Default has been cured; provided that, except in the case of a default in the payment of the principal of or interest on any Note, the Trustee may withhold the notice if and so long as the Trustee in good faith determines that withholding the notice is in the interest of the Holders. Notice to Holders under this Section will be given in the manner and to the extent provided in the Trust Indenture Act Section 313(c).
    Target identity evidence: INDENTURE, dated as of November 30, 2022, among SEAGATE HDD CAYMAN, an exempted company incorporated with limited liability under the laws of the Cayman Islands, as issuer (the “Company”), SEAGATE TECHNOLOGY UNLIMITED COMPANY, a private unlimited company incorporated under the laws of Ireland and parent of the Company (“STUC”) and SEAGATE TECHNOLOGY HOLDINGS PLC, a public limited company incorporated under the laws of Ireland and ultimate parent of the Company (“Parent” and, together with STUC, the “Guarantors”) and COMPUTERSHARE TRUST COMPANY, NATIONAL ASSOCIATION, a national banking association, as trustee (the “Trustee”).
    Target identity evidence: up to $749,999,600 aggregate principal amount of the Company’s 9.625% Senior Notes due 2032 as provided herein (the “Initial Notes”, and together with the Exchange Notes and the Additional Notes, the “Notes”)
  • Section 6.02(a) · Acceleration of Maturity Section 6.02 Acceleration of Maturity; Rescission and Annulment. (a) If an Event of Default (other than those specified in 6.01(e) and 6.01(f)) occurs and is continuing, then and in every such case the Trustee or the Holders of not less than 25% in aggregate principal amount of the Notes may declare the principal amount plus accrued and unpaid interest on the Notes to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by Holders), and upon any such… Section 6.02 Acceleration of Maturity; Rescission and Annulment
    Full wording and supporting evidence
    Source evidence: Section 6.02 Acceleration of Maturity; Rescission and Annulment. (a) If an Event of Default (other than those specified in 6.01(e) and 6.01(f)) occurs and is continuing, then and in every such case the Trustee or the Holders of not less than 25% in aggregate principal amount of the Notes may declare the principal amount plus accrued and unpaid interest on the Notes to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by Holders), and upon any such declaration such principal amount plus accrued and unpaid interest shall become immediately due and payable.
    Target identity evidence: INDENTURE, dated as of November 30, 2022, among SEAGATE HDD CAYMAN, an exempted company incorporated with limited liability under the laws of the Cayman Islands, as issuer (the “Company”), SEAGATE TECHNOLOGY UNLIMITED COMPANY, a private unlimited company incorporated under the laws of Ireland and parent of the Company (“STUC”) and SEAGATE TECHNOLOGY HOLDINGS PLC, a public limited company incorporated under the laws of Ireland and ultimate parent of the Company (“Parent” and, together with STUC, the “Guarantors”) and COMPUTERSHARE TRUST COMPANY, NATIONAL ASSOCIATION, a national banking association, as trustee (the “Trustee”).
    Target identity evidence: up to $749,999,600 aggregate principal amount of the Company’s 9.625% Senior Notes due 2032 as provided herein (the “Initial Notes”, and together with the Exchange Notes and the Additional Notes, the “Notes”)
  • Section 6.03 · Collection of Indebtedness and Suits for Enforcement by Trustee Section 6.03 Collection of Indebtedness and Suits for Enforcement by Trustee. The Company covenants that if a default is made in the payment of the principal amount of or premium (if any) on any Note when the same becomes due and payable at its Stated Maturity, upon optional redemption, upon required repurchase, upon declaration of acceleration or otherwise, the Company will, upon demand of the Trustee, pay to it, for the benefit of the Holders of the Notes, the whole amount then due and payable on such… Section 6.03 Collection of Indebtedness and Suits for Enforcement by Trustee
    Full wording and supporting evidence
    Source evidence: Section 6.03 Collection of Indebtedness and Suits for Enforcement by Trustee. The Company covenants that if a default is made in the payment of the principal amount of or premium (if any) on any Note when the same becomes due and payable at its Stated Maturity, upon optional redemption, upon required repurchase, upon declaration of acceleration or otherwise, the Company will, upon demand of the Trustee, pay to it, for the benefit of the Holders of the Notes, the whole amount then due and payable on such Notes and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel.
    Target identity evidence: INDENTURE, dated as of November 30, 2022, among SEAGATE HDD CAYMAN, an exempted company incorporated with limited liability under the laws of the Cayman Islands, as issuer (the “Company”), SEAGATE TECHNOLOGY UNLIMITED COMPANY, a private unlimited company incorporated under the laws of Ireland and parent of the Company (“STUC”) and SEAGATE TECHNOLOGY HOLDINGS PLC, a public limited company incorporated under the laws of Ireland and ultimate parent of the Company (“Parent” and, together with STUC, the “Guarantors”) and COMPUTERSHARE TRUST COMPANY, NATIONAL ASSOCIATION, a national banking association, as trustee (the “Trustee”).
    Target identity evidence: up to $749,999,600 aggregate principal amount of the Company’s 9.625% Senior Notes due 2032 as provided herein (the “Initial Notes”, and together with the Exchange Notes and the Additional Notes, the “Notes”)
Documents and filing history
  1. Baseline · 2022-11-30 Original principal USD 749,999,600 Exact source document Parent 8-K filing · 2022-11-30
    The Company has duly authorized the execution and delivery of this Indenture to provide for the issuance of up to $749,999,600 aggregate principal amount of the Company’s 9.625% Senior Notes due 2032 as provided herein (the “**Initial Notes**”, and together with the Exchange Notes and the Additional Notes, the “**Notes**”). All things necessary to make this Indenture a valid agreement of the Company, in accordance with its terms, have been done, and the Company has done all things necessary to make the Notes, when executed by the Company and authenticated and delivered by the Trustee and duly issued by the Company, the valid obligations of the Company as hereinafter provided.
    Issuer evidence: INDENTURE, dated as of November 30, 2022, among SEAGATE HDD CAYMAN, an exempted company incorporated with limited liability under the laws of the Cayman Islands, as issuer (the “**Company**”), SEAGATE TECHNOLOGY UNLIMITED COMPANY, a private unlimited company incorporated under the laws of Ireland and parent of the Company (“**STUC**”) and SEAGATE TECHNOLOGY HOLDINGS PLC, a public limited company incorporated under the laws of Ireland and ultimate parent of the Company (“**Parent**” and, together with STUC, the “**Guarantors**”) and COMPUTERSHARE TRUST COMPANY, NATIONAL ASSOCIATION, a national banking association, as trustee (the “**Trustee**”).
    Supporting evidence: The Company has duly authorized the execution and delivery of this Indenture to provide for the issuance of up to $749,999,600 aggregate principal amount of the Company’s 9.625% Senior Notes due 2032 as provided herein (the “**Initial Notes**”, and together with the Exchange Notes and the Additional Notes, the “**Notes**”). All things necessary to make this Indenture a valid agreement of the Company, in accordance with its terms, have been done, and the Company has done all things necessary to make the Notes, when executed by the Company and authenticated and delivered by the Trustee and duly issued by the Company, the valid obligations of the Company as hereinafter provided.
  2. Issuance · 2022-11-30 Original principal USD 750,000,000 Exact source document Parent 8-K filing · 2022-11-30
    On November 30, 2022, Seagate HDD Cayman (“Seagate HDD”), an exempted company with limited liability organized under the laws of the Cayman Islands and an indirect subsidiary of Seagate Technology Holdings plc (the “Company”), issued approximately $750 million in aggregate principal amount of 9.625% Senior Notes due 2032 (the “New Notes”) in connection with Seagate HDD’s exchange offers to certain eligible holders of Seagate HDD’s outstanding 3.125% Senior Notes due 2029, 4.091% Senior Notes due 2029, 3.375% Senior Notes due 2031, and 4.125% Senior Notes due 2031 (the “Exchange Offers”). ”). The Company announced that it had increased the previously announced New Notes issuance limit from $500 million to approximately $750 million aggregate principal amount, subject to further increase in its sole discretion. The New Notes mature on December 1, 2032, and were issued pursuant to an indenture, dated as of November 30, 2022 (the “Indenture”), among Seagate HDD, the Company, Seagate Technology Unlimited Company (“STUC” and, together with the Company, the “Guarantors”) and Computershare Trust Company, National Association, as trustee of the New Notes (the “Trustee”). The Company has also entered into a registration rights agreement related to the New Notes, dated as of November 30, 2022 (the “Registration Rights Agreement”), among Seagate HDD, the Guarantors, Morgan Stanley & Co. LLC, MUFG Securities Americas Inc., BofA Securities, Inc., Scotia Capital (USA) Inc., Wells Fargo Securities, LLC and BNP Paribas Securities Corp, as the lead dealer managers for the Exchange Offers.
    Issuer evidence: On November 30, 2022, Seagate HDD Cayman (“Seagate HDD”), an exempted company with limited liability organized under the laws of the Cayman Islands and an indirect subsidiary of Seagate Technology Holdings plc (the “Company”), issued approximately $750 million in aggregate principal amount of 9.625% Senior Notes due 2032 (the “New Notes”) in connection with Seagate HDD’s exchange offers to certain eligible holders of Seagate HDD’s outstanding 3.125% Senior Notes due 2029, 4.091% Senior Notes due 2029, 3.375% Senior Notes due 2031, and 4.125% Senior Notes due 2031 (the “Exchange Offers”). ”). The Company announced that it had increased the previously announced New Notes issuance limit from $500 million to approximately $750 million aggregate principal amount, subject to further increase in its sole discretion. The New Notes mature on December 1, 2032, and were issued pursuant to an indenture, dated as of November 30, 2022 (the “Indenture”), among Seagate HDD, the Company, Seagate Technology Unlimited Company (“STUC” and, together with the Company, the “Guarantors”) and Computershare Trust Company, National Association, as trustee of the New Notes (the “Trustee”). The Company has also entered into a registration rights agreement related to the New Notes, dated as of November 30, 2022 (the “Registration Rights Agreement”), among Seagate HDD, the Guarantors, Morgan Stanley & Co. LLC, MUFG Securities Americas Inc., BofA Securities, Inc., Scotia Capital (USA) Inc., Wells Fargo Securities, LLC and BNP Paribas Securities Corp, as the lead dealer managers for the Exchange Offers.
    Supporting evidence: On November 30, 2022, Seagate HDD Cayman (“Seagate HDD”), an exempted company with limited liability organized under the laws of the Cayman Islands and an indirect subsidiary of Seagate Technology Holdings plc (the “Company”), issued approximately $750 million in aggregate principal amount of 9.625% Senior Notes due 2032 (the “New Notes”) in connection with Seagate HDD’s exchange offers to certain eligible holders of Seagate HDD’s outstanding 3.125% Senior Notes due 2029, 4.091% Senior Notes due 2029, 3.375% Senior Notes due 2031, and 4.125% Senior Notes due 2031 (the “Exchange Offers”). ”). The Company announced that it had increased the previously announced New Notes issuance limit from $500 million to approximately $750 million aggregate principal amount, subject to further increase in its sole discretion. The New Notes mature on December 1, 2032, and were issued pursuant to an indenture, dated as of November 30, 2022 (the “Indenture”), among Seagate HDD, the Company, Seagate Technology Unlimited Company (“STUC” and, together with the Company, the “Guarantors”) and Computershare Trust Company, National Association, as trustee of the New Notes (the “Trustee”). The Company has also entered into a registration rights agreement related to the New Notes, dated as of November 30, 2022 (the “Registration Rights Agreement”), among Seagate HDD, the Guarantors, Morgan Stanley & Co. LLC, MUFG Securities Americas Inc., BofA Securities, Inc., Scotia Capital (USA) Inc., Wells Fargo Securities, LLC and BNP Paribas Securities Corp, as the lead dealer managers for the Exchange Offers.

5.875% Senior Notes due 2030

Note · Seagate Data Storage Technology Pte. Ltd.

Reference: 5.875% Senior Notes due 2030

Active
Original principal
USD 400,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
—

Last reported interest terms: 5.875% Reported 2025-05-13 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2025-05-13 Original principal USD 400,000,000 Exact source document Parent 8-K filing · 2025-05-13
    Seagate Data Storage Technology Pte. Ltd., a private company limited by shares registered in Singapore (the “**Issuer**”), proposes to issue and sell to the several purchasers named in Schedule I hereto (the “**Initial** **Purchasers**”) $400,000,000 principal amount of its 5.875% Senior Notes due 2030 (the “**Notes**”). The Notes will be issued pursuant to the provisions of an Indenture, to be dated on or about May 27, 2025 (the “**Indenture**”) among the Issuer, the Guarantors (as defined below) and Computershare Trust Company, National Association, as Trustee (in such capacity, the “**Trustee**”).
    Issuer evidence: Seagate Data Storage Technology Pte. Ltd., a private company limited by shares registered in Singapore (the “Issuer”), proposes to issue and sell to the several purchasers named in Schedule I hereto (the “Initial Purchasers”) $400,000,000 principal amount of its 5.875% Senior Notes due 2030 (the “Notes”). The Notes will be issued pursuant to the provisions of an Indenture, to be dated on or about May 27, 2025 (the “Indenture”) among the Issuer, the Guarantors (as defined below) and Computershare Trust Company, National Association, as Trustee (in such capacity, the “Trustee”).
    Supporting evidence: Seagate Data Storage Technology Pte. Ltd., a private company limited by shares registered in Singapore (the “Issuer”), proposes to issue and sell to the several purchasers named in Schedule I hereto (the “Initial Purchasers”) $400,000,000 principal amount of its 5.875% Senior Notes due 2030 (the “Notes”).
    Supporting evidence: Seagate Data Storage Technology Pte. Ltd., a private company limited by shares registered in Singapore (the “Issuer”), proposes to issue and sell to the several purchasers named in Schedule I hereto (the “Initial Purchasers”) $400,000,000 principal amount of its 5.875% Senior Notes due 2030 (the “Notes”).
  2. Issuance · 2025-05-12 Original principal USD 400,000,000 Exact source document Parent 8-K filing · 2025-05-13
    On May 12, 2025, Seagate Technology Holdings plc (the “Company”) and Seagate Data Storage Technology Pte. Ltd. (“SDST”), a subsidiary of the Company, entered into a purchase agreement (the “Purchase Agreement”), by and among the Company, SDST, Seagate Technology Unlimited Company (“STUC”) and Seagate HDD Cayman (“HDD” and, together with the Company and STUC, the “Guarantors”) and the initial purchasers named therein (the “Initial Purchasers”), pursuant to which SDST has agreed to issue and sell, and the Initial Purchasers have agreed to purchase $400 million aggregate principal amount of 5.875% Senior Notes due 2030 (the “Notes”) in a private placement to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States to certain non-U.S. persons in reliance on Regulation S under the Securities Act. The offering of the Notes is expected to close on May 27, 2025, subject to satisfaction of customary closing conditions. PJT Partners served as financial advisor to the Company for the transaction.
    Issuer evidence: On May 12, 2025, Seagate Technology Holdings plc (the “Company”) and Seagate Data Storage Technology Pte. Ltd. (“SDST”), a subsidiary of the Company, entered into a purchase agreement (the “Purchase Agreement”), by and among the Company, SDST, Seagate Technology Unlimited Company (“STUC”) and Seagate HDD Cayman (“HDD” and, together with the Company and STUC, the “Guarantors”) and the initial purchasers named therein (the “Initial Purchasers”), pursuant to which SDST has agreed to issue and sell, and the Initial Purchasers have agreed to purchase $400 million aggregate principal amount of 5.875% Senior Notes due 2030 (the “Notes”) in a private placement to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States to certain non-U.S. persons in reliance on Regulation S under the Securities Act. The offering of the Notes is expected to close on May 27, 2025, subject to satisfaction of customary closing conditions. PJT Partners served as financial advisor to the Company for the transaction.
    Supporting evidence: On May 12, 2025, Seagate Technology Holdings plc (the “Company”) and Seagate Data Storage Technology Pte. Ltd. (“SDST”), a subsidiary of the Company, entered into a purchase agreement (the “Purchase Agreement”), by and among the Company, SDST, Seagate Technology Unlimited Company (“STUC”) and Seagate HDD Cayman (“HDD” and, together with the Company and STUC, the “Guarantors”) and the initial purchasers named therein (the “Initial Purchasers”), pursuant to which SDST has agreed to issue and sell, and the Initial Purchasers have agreed to purchase $400 million aggregate principal amount of 5.875% Senior Notes due 2030 (the “Notes”) in a private placement to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States to certain non-U.S. persons in reliance on Regulation S under the Securities Act. The offering of the Notes is expected to close on May 27, 2025, subject to satisfaction of customary closing conditions. PJT Partners served as financial advisor to the Company for the transaction.

4.125% Senior Notes due 2031

Note · Seagate HDD Cayman

Reference: 4.125% Senior Notes due 2031

Active
Original principal
USD 500,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
—

Last reported interest terms: 4.125% Reported 2020-06-04 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2020-06-04 Original principal USD 500,000,000 Exact source document Parent 8-K filing · 2020-06-04
    Seagate HDD Cayman, an exempted company incorporated with limited liability under the laws of the Cayman Islands (the “**Issuer**”), proposes to issue and sell to the several purchasers named in Schedule I hereto (the “**Initial** **Purchasers**”) $500,000,000 principal amount of its 4.125% Senior Notes due 2031 (the “**Notes**”). The Notes will be issued pursuant to the provisions of an Indenture, to be dated on or about June 10, 2020 (the “**Indenture**”) among the Issuer, the Company (as defined below) and Wells Fargo Bank, National Association, a national banking association, as Trustee (in such capacity, the “**Trustee**”). The Notes will be unconditionally guaranteed (the “**Guarantee**,” and together with the Notes, the “**Securities**”) as to the payment of principal and interest by Seagate Technology plc, a public limited company incorporated under the laws of Ireland (the “**Company**”).
    Issuer evidence: Seagate HDD Cayman, an exempted company incorporated with limited liability under the laws of the Cayman Islands (the “**Issuer**”), proposes to issue and sell to the several purchasers named in Schedule I hereto (the “**Initial** **Purchasers**”) $500,000,000 principal amount of its 4.125% Senior Notes due 2031 (the “**Notes**”). The Notes will be issued pursuant to the provisions of an Indenture, to be dated on or about June 10, 2020 (the “**Indenture**”) among the Issuer, the Company (as defined below) and Wells Fargo Bank, National Association, a national banking association, as Trustee (in such capacity, the “**Trustee**”). The Notes will be unconditionally guaranteed (the “**Guarantee**,” and together with the Notes, the “**Securities**”) as to the payment of principal and interest by Seagate Technology plc, a public limited company incorporated under the laws of Ireland (the “**Company**”).
    Supporting evidence: Seagate HDD Cayman, an exempted company incorporated with limited liability under the laws of the Cayman Islands (the “**Issuer**”), proposes to issue and sell to the several purchasers named in Schedule I hereto (the “**Initial** **Purchasers**”) $500,000,000 principal amount of its 4.125% Senior Notes due 2031 (the “**Notes**”). The Notes will be issued pursuant to the provisions of an Indenture, to be dated on or about June 10, 2020 (the “**Indenture**”) among the Issuer, the Company (as defined below) and Wells Fargo Bank, National Association, a national banking association, as Trustee (in such capacity, the “**Trustee**”). The Notes will be unconditionally guaranteed (the “**Guarantee**,” and together with the Notes, the “**Securities**”) as to the payment of principal and interest by Seagate Technology plc, a public limited company incorporated under the laws of Ireland (the “**Company**”).
    Supporting evidence: Seagate HDD Cayman, an exempted company incorporated with limited liability under the laws of the Cayman Islands (the “**Issuer**”), proposes to issue and sell to the several purchasers named in Schedule I hereto (the “**Initial** **Purchasers**”) $500,000,000 principal amount of its 4.125% Senior Notes due 2031 (the “**Notes**”). The Notes will be issued pursuant to the provisions of an Indenture, to be dated on or about June 10, 2020 (the “**Indenture**”) among the Issuer, the Company (as defined below) and Wells Fargo Bank, National Association, a national banking association, as Trustee (in such capacity, the “**Trustee**”). The Notes will be unconditionally guaranteed (the “**Guarantee**,” and together with the Notes, the “**Securities**”) as to the payment of principal and interest by Seagate Technology plc, a public limited company incorporated under the laws of Ireland (the “**Company**”).

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue
15.16×
Peer median 2.58×
EV/EBIT
45.16×
Peer median 19.62×
P/E (TTM)
58.10×
Peer median 22.94×

Peer medians compare against the 7 similar-size Computer Hardware companies (of 35 listed).

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Geography (USD)

Component FY2026 FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019
United States $6,146,000,000 $4,410,000,000 $2,308,000,000 $3,053,000,000 $4,694,000,000 $3,656,000,000 — —
Singapore $4,880,000,000 $3,759,000,000 $3,429,000,000 $3,271,000,000 $5,322,000,000 $5,180,000,000 $5,032,000,000 $5,085,000,000
Netherlands $1,165,000,000 $924,000,000 $802,000,000 $1,046,000,000 $1,627,000,000 $1,825,000,000 $1,572,000,000 $1,630,000,000
Other Countries $4,000,000 $4,000,000 $12,000,000 $14,000,000 $18,000,000 $20,000,000 $322,000,000 $365,000,000
Americas — — — — — $3,656,000,000 $3,583,000,000 $3,310,000,000
Asia Pacific — — — — — $5,198,000,000 — —
EMEA — — — — — $1,827,000,000 — —
Key facts CIK 1137789 CUSIP G7997R103 13F (30d) 75 filings 71 filers Visit website Investor relations