NasdaqGS:STXTech
Should Seagate’s Major Debt Exchange Amid Record Storage Performance Require Action From Seagate Technology (STX) Investors?
Seagate Technology Holdings recently completed the exchange of US$600.00 million principal amount of its 3.50% Exchangeable Senior Notes due 2028 for approximately US$599.20 million in cash and 5,952,309 ordinary shares, as part of efforts to reshape its balance sheet.
Ahead of this debt exchange, Seagate reported record exabyte shipments and margins for the December quarter, underscoring how balance sheet moves are occurring alongside strong operating performance in mass-capacity...