Western Digital announces $1.8B senior notes redemption

By Tamara Parker • Friday, March 14 09:58 • Permanent Link

Western Digital Corporation (NASDAQ: WDC) has announced the redemption of $1,800,000,000 aggregate principal amount of its 4.750% senior notes due 2026, with the redemption date set for April 14, 2025. Following the redemption, $500,000,000 aggregate principal amount of the notes will remain outstanding.

This redemption will result in a significant reduction in the company's outstanding senior notes, potentially impacting its long-term debt obligations and interest expenses. It's worth noting that the applicable premium on the notes to be redeemed is zero, and interest on each note to be redeemed will cease to accrue after the redemption date.

Western Digital Corporation, a global leader in data storage solutions, continues to emphasize its commitment to combating climate change and designing storage technologies that align with a more climate-conscious future. This announcement comes as the company focuses on empowering systems and individuals reliant on data while addressing the pressing environmental challenges of our time. Today the company's shares have moved 4.6% to a price of $43.95. For the full picture, make sure to review Western Digital's 8-K report.

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