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Latest Press Releases

Seagate's New Solutions Equip Enterprises for the New Data Economy
- BusinessWire - Thu Sep 24, 3:00PM CDT
BusinessWire - CMTX
Thu Sep 24, 3:00PM CDT
Seagate Technology plc (NASDAQ: STX), a world leader in data storage and management solutions, introduced revolutionary open-source object storage software, a reference architecture powered by it, and a corresponding developer community. All three were built to manage the massive surge and sprawl of unstructured enterprise data. Today's announcement was part of the company's first annual Datasphere event.
Seagate Delivers Enterprise-Ready Exos 18TB Hard Drive Designed for Hyperscale Applications With Proven Enterprise Class Reliability and Data Security
- BusinessWire - Thu Sep 17, 7:00AM CDT
BusinessWire - CMTX
Thu Sep 17, 7:00AM CDT
Seagate Technology plc (NASDAQ: STX), a world leader in data storage and management solutions, today announced it is shipping 18TB helium-based enterprise drives in volume as part of the Exos(R) X18 family. The new drive delivers high performance and mass capacity for hyperscale data centers to efficiently and cost-effectively manage ever-increasing amounts of data. Additionally, Seagate's Enterprise Data Solutions launched the new Exos(R) Application Platform (AP) 2U12 as well as a new controller for the company's AP 4U100 systems.
New Seagate IronWolf NAS Drives Arrive Just in Time for SMBs Planning on a Data-Led COVID-19 Recovery
- BusinessWire - Tue Sep 1, 7:00AM CDT
BusinessWire - CMTX
Tue Sep 1, 7:00AM CDT
Seagate Technology, a world leader in data storage and management solutions, today announced the results of a global survey of 3,000 small and medium sized business (SMB) decision-makers. The survey, commissioned by Seagate, reveals that despite economic headwinds, existing SMB IT infrastructure for many SMBs has shown resilience, and a majority of SMBs believe business data will play an important role in their long-term recovery plans. The company also announced an update to its IronWolf(R) and IronWolf Pro Network Attached Storage (NAS) drive lines, aimed at home and small office environments, with new 18TB capacity HDD and new SATA SSD models. These new drives deliver unrivaled speed, capacity, and stamina to bring reliable, scalable, and consistent performance to NAS solutions.
Seagate to Participate in Upcoming Investor Events
- BusinessWire - Tue Aug 25, 3:05PM CDT
BusinessWire - CMTX
Tue Aug 25, 3:05PM CDT
Seagate Technology plc (NASDAQ: STX), a world leader in data storage and management solutions, today announced that management is scheduled to participate in the following virtual investor events:
Seagate Announces Pricing of Previously Announced Exchange Offers and Acceptance of Tendered Notes
- BusinessWire - Wed Jun 17, 1:12PM CDT
BusinessWire - CMTX
Wed Jun 17, 1:12PM CDT
Seagate HDD Cayman (the "Company"), a subsidiary of Seagate Technology plc (NASDAQ: STX), today announced the pricing of its previously announced exchange offers (each, an "Exchange Offer" and together, the "Exchange Offers") to certain eligible holders of the Company's outstanding debt securities listed in the table below (together, the "Existing Notes" and each a "series" of Existing Notes) to exchange Existing Notes for up to $500,000,000 (the "New Issue Cap") in aggregate principal amount of the Company's new senior notes due 2029 (the "New Notes"). The complete terms and conditions of the New Notes are set forth in a confidential offering memorandum, dated as of June 3, 2020 (the "Offering Memorandum"), and the related letter of transmittal.
Seagate Announces Expiration of Early Exchange Period of Previously Announced Exchange Offers for Certain Outstanding Debt Securities
- BusinessWire - Tue Jun 16, 8:33PM CDT
BusinessWire - CMTX
Tue Jun 16, 8:33PM CDT
Seagate HDD Cayman (the "Company"), a subsidiary of Seagate Technology plc (NASDAQ: STX), today announced the expiration of the early exchange period in connection with its previously announced exchange offers (each, an "Exchange Offer" and together, the "Exchange Offers") to certain eligible holders of the Company's outstanding debt securities listed in the table below (together, the "Existing Notes" and each a "series" of Existing Notes) to exchange Existing Notes for up to $500,000,000 ("New Issue Cap") in aggregate principal amount of the Company's new senior notes due 2029 (the "New Notes"). The complete terms and conditions of the New Notes are set forth in a confidential offering memorandum, dated as of June 3, 2020, (the "Offering Memorandum"), and the related letter of transmittal.
Seagate Announces the Early Tender Results for Certain Outstanding Debt Securities
- BusinessWire - Tue Jun 16, 8:32PM CDT
BusinessWire - CMTX
Tue Jun 16, 8:32PM CDT
Seagate HDD Cayman (the "Company"), a subsidiary of Seagate Technology plc (NASDAQ: STX), today announced the early tender results for its previously announced cash tender offers (each, a "Tender Offer" and, collectively, the "Tender Offers") for (i) up to an aggregate principal amount of $275,000,000 (the "2022 Note Cap") of its 4.250% Senior Notes due 2022 (the "2022 Notes") and (ii) up to an aggregate principal amount of $225,000,000 (the "2023 Note Cap" and, together with the 2022 Note Cap, the "Tender Caps") of its 4.750% Senior Notes due 2023 (the "2023 Notes" and together with the 2022 Notes, the "Notes", and each a "series" of Notes) up to a maximum aggregate principal amount of $500,000,000 (the "Maximum Tender Amount"), from each registered holder of the Notes (individually, a "Holder" and collectively, the "Holders").
Seagate Announces Exchange Offers for Certain Outstanding Debt Securities
- BusinessWire - Wed Jun 3, 9:55PM CDT
BusinessWire - CMTX
Wed Jun 3, 9:55PM CDT
Seagate HDD Cayman (the "Company"), a subsidiary of Seagate Technology plc (NASDAQ: STX), today announced the commencement of exchange offers (each, an "Exchange Offer" and together, the "Exchange Offers") to certain eligible holders of the Company's outstanding debt securities listed in the table below (together, the "Existing Notes" and each a "series" of Existing Notes) to exchange Existing Notes for up to $500,000,000 in aggregate principal amount of the Company's new senior notes due 2029 (the "New Notes"). The complete terms of the New Notes are set forth in a confidential offering memorandum, dated today (the "Offering Memorandum"), and the related letter of transmittal, dated today (together with the Offering Memorandum, the "Offering Documents").
Seagate Announces Pricing of $500 Million of Senior Unsecured Notes
- BusinessWire - Wed Jun 3, 7:15PM CDT
BusinessWire - CMTX
Wed Jun 3, 7:15PM CDT
Seagate HDD Cayman (the "Company"), a subsidiary of Seagate Technology plc (NASDAQ: STX) ("Seagate"), announced that it priced its earlier announced offering of $500 million aggregate principal amount of senior notes due 2031 (the "Notes"). The Notes were priced at 99.859% of the aggregate principal amount and will bear interest at a rate of 4.125% per annum. The Notes will be guaranteed by Seagate.
Seagate Announces Cash Tender Offers for Certain Outstanding Debt Securities
- BusinessWire - Wed Jun 3, 7:24AM CDT
BusinessWire - CMTX
Wed Jun 3, 7:24AM CDT
Seagate HDD Cayman (the "Company"), a subsidiary of Seagate Technology plc (NASDAQ: STX), today announced the commencement of cash tender offers (each, a "Tender Offer" and together the "Tender Offers") for (i) up to an aggregate principal amount of $225,000,000 (the "2023 Note Cap") of its 4.750% Senior Notes due 2023 (the "2023 Notes") and (ii) up to $275,000,000 in aggregate principal amount (the "2022 Note Cap" and, together with the 2023 Note Cap, the "Tender Caps") of its 4.250% Senior Notes due 2022 (the "2022 Notes", and together with the 2023 Notes, the "Notes", and each a "series" of Notes), up to a maximum aggregate principal amount of $500,000,000 (the "Maximum Tender Amount"), from each registered holder of the Notes (individually, a "Holder" and collectively, the "Holders"). The Tender Offers are being made pursuant to and are subject to the terms and conditions, including a financing condition, set forth in the Offer to Purchase dated June 3, 2020 (the "Offer to Purchase") and the related Letter of Transmittal (the "Letter of Transmittal"). The purpose of the Tender Offers is to reduce the Company's refinancing risk by refinancing a portion of the Company's outstanding Notes with term debt that has a later maturity date. Notes purchased in each Tender Offer will be retired and cancelled. The Company expects to use cash on hand and proceeds from the offering of a new series of senior notes due 2031 to effect the purchase of validly tendered Notes pursuant to the Tender Offers. Such offering will only be made pursuant to a separate confidential offering memorandum and nothing contained herein shall constitute an offer to purchase such notes.

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