Western Digital extends $3 billion bridge loan agreement with JPMorgan

By Wendy Van Sickle

Columbus, Ohio, June 10 – Western Digital Corp. and its Western Digital Technologies, Inc. subsidiary extended their $3 billion bridge loan agreement with JPMorgan Chase Bank, NA by 30 days, according to an 8-K filing with the Securities and Exchange Commission.

The bridge loan agreement was entered May 12 in conjunction with the closing of Western Digital’s acquisition of SanDisk Corp. and was originally set to terminate in 45 days. An amendment agreement entered Thursday extended the agreement to 75 days from the original agreement date.

Western Digital is an Irvine, Calif.-based maker of storage solutions for digital content.

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