Western Digital Announces Closing of Offerings of $2.3 Billion Senior Notes Due 2026 and $1.0 Billion of Convertible Senior Notes Due 2024
Western Digital Corporation (WDC)
Last western digital corporation earnings: 4/30 04:01 pm
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Source: Business Wire
SAN JOSE, Calif.--(BUSINESS WIRE)-- Western Digital Corporation (NASDAQ: WDC) (“Western Digital” or the “company”) today announced that it has closed its previously announced concurrent offerings of $2.3 billion aggregate principal amount of 4.750% senior notes due 2026 (the “2026 notes”) and $1.0 billion aggregate principal amount of 1.50% convertible senior notes due 2024 (the “2024 convertible notes” and, together with the 2026 notes, the “notes”). The notes were issued by Western Digital, and guaranteed, jointly and severally on a senior basis, by certain of Western Digital’s subsidiaries. The net proceeds of the 2026 notes offering were approximately $2.28 billion, after deducting underwriting discounts and commissions and other estimated offering expenses. Western Digital intends to use the net proceeds of the offering of the 2026 notes, together with available cash on hand, to fund its concurrent
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- Western Digital tops profit expectations on demand from cloud-computing customers [Reuters]Reuters
- Western Digital tops profit expectations on demand from cloud-computing customers [Yahoo! Finance]Yahoo! Finance
- Western Digital Reports Fiscal Third Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
WDC
Earnings
- 4/25/24 - Beat
WDC
Sec Filings
- 4/25/24 - Form 8-K
- 4/9/24 - Form 4
- 4/8/24 - Form 144
- WDC's page on the SEC website