Seagate Enters Exchange Agreements for $185. 9M Senior Notes Seagate Technology has announced a significant shift in its financial strategy by exchanging nearly $186 million worth of senior notes for cash and shares.
This move marks a departure from the company's typical financing methods, with implications that extend beyond its balance sheet.
The deal, announced on May 21, enables Seagate to opt out of its existing debt obligations. With interest rates rising, borrowing costs have increased significantly for companies like Seagate.