Western Digital prices senior and convertible note offerings [Seeking Alpha]
Western Digital Corporation (WDC)
Last western digital corporation earnings: 4/30 04:01 pm
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Source: Seeking Alpha
Western Digital prices senior and convertible note offeringsWestern Digital (NYSE:WDC)prices $2.3B of senior notes due 2026 and $1B of convertible senior notes due 2024.The 2026 notes were offered in a public offering and will bear a 4.75% per annum interest rate. Western Digital will use the net proceeds to fund the concurrent cash tender to purchase all outstanding 10.5% senior unsecured notes due 2024.The 2024 convertible notes were in a private offering for institutional investors with a 1.50% per annum rate. The sale included a 30-day option for up to $100M in additional notes.Western Digital will use the net proceeds from the 2024 sale to redeem all outstanding 7.375% senior secured notes due 2023.Sale of both notes expected to be completed on February 13.Western Digital shares areup 2.5% to $89.22.See all stocks on the move »Now read:Hazelton Capital Partners Q4 2017 Commentary »
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News
- What To Expect From Western Digital's (WDC) Q1 Earnings [Yahoo! Finance]Yahoo! Finance
- Seagate forecasts higher Q4 profit on boost from cloud customers [Yahoo! Finance]Yahoo! Finance
- Will HDD Offerings Aid Western Digital's (WDC) Q3 Earnings? [Yahoo! Finance]Yahoo! Finance
- Western Digital Co. (NASDAQ: WDC) had its price target raised by analysts at Barclays PLC from $70.00 to $80.00. They now have an "overweight" rating on the stock.MarketBeat
- Western Digital slips as Raymond James cuts on valuation concerns [Seeking Alpha]Seeking Alpha
WDC
Earnings
- 1/25/24 - Beat
WDC
Sec Filings
- 4/9/24 - Form 4
- 4/8/24 - Form 144
- 4/2/24 - Form 4
- WDC's page on the SEC website