Western Digital Announces Proposed Offerings of $2.3 Billion of Senior Notes Due 2026 and $1.0 Billion of Convertible Senior Notes Due 2024 and up to $500M Share Repurchase
Western Digital Corporation (WDC)
Last western digital corporation earnings: 4/30 04:01 pm
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Source: Business Wire
Western Digital to Retire Existing 10.500% Senior Unsecured Notes Due 2024 and 7.375% Senior Secured Notes Due 2023 Subject to Successful Execution of TransactionsInitiatives to Enhance Capital Structure SAN JOSE, Calif.--(BUSINESS WIRE)-- Western Digital Corporation (NASDAQ: WDC) (“Western Digital” or the “company”) today announced concurrent proposed offerings of $2.3 billion aggregate principal amount of senior notes due 2026 (the “2026 notes”) and $1.0 billion aggregate principal amount of convertible senior notes due 2024 (the “2024 convertible notes” and, together with the 2026 notes, the “notes”), in each case subject to market and other conditions as further described below. The notes will be issued by Western Digital, and guaranteed, jointly and severally on a senior basis, by certain of Western Digital’s subsidiaries. In connection with the offerings of the 2026 notes (the “2026
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News
- Western Digital Co. (NASDAQ: WDC) had its price target raised by analysts at Evercore ISI from $80.00 to $85.00. They now have an "outperform" rating on the stock.MarketBeat
- Western Digital Co. (NASDAQ: WDC) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $85.00 price target on the stock.MarketBeat
- Western Digital (WDC) Q3 Earnings & Revenues Beat Estimates [Yahoo! Finance]Yahoo! Finance
- Western Digital Co. (NASDAQ: WDC) had its price target raised by analysts at Robert W. Baird from $65.00 to $100.00. They now have an "outperform" rating on the stock.MarketBeat
- Western Digital Co. (NASDAQ: WDC) had its price target raised by analysts at Morgan Stanley from $83.00 to $86.00. They now have an "overweight" rating on the stock.MarketBeat
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