Seagate unit to sell notes to repay 3.75% notes due 2018, other debt

By Devika Patel

Knoxville, Tenn., Jan. 31 – Seagate Technology plc said that its subsidiary, Seagate HDD Cayman, intends to offer senior notes. The company reported that one of its subsidiaries planned to price a Rule 144A and Regulation S offering of notes on Jan. 27.

The notes will be guaranteed by Seagate.

Proceeds will be used for general corporate purposes, including repaying the company’s 3.75% senior notes due 2018 and other debt repayments, capital expenditures and other investments.

Seagate is a Cupertino, Calif.-based hard drive manufacturer.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.