Latham & Watkins Advises Seagate on US$400 Million Senior Notes Offering

Seagate Data Storage Technology Pte. Ltd., a subsidiary of Seagate Technology Holdings plc (NASDAQ: STX) (Seagate), announced the pricing of the private offering of US$400.0 million aggregate principal amount of senior notes due 2030 (the Notes). The Notes will be guaranteed by Seagate, Seagate Technology Unlimited Company, and Seagate HDD Cayman. The Notes were priced at 100% of the aggregate principal amount and will bear interest at 5.875% per annum. The closing of the offering of the Notes is expected to occur on or about May 27, 2025, subject to customary closing conditions.

Latham & Watkins LLP represents Seagate in the offering with a corporate team led by Los Angeles partner Steven Stokdyk, New York partner Andrew Baker, and Singapore partners Farhana Sharmeen and Timothy Hia, with associates Sara Johnson and Bradford Taylor. Advice was also provided on tax matters by New York partners Bora Bozkurt and Aaron Bernstein, with associate Farrah Yan.