Seagate Offers $600 Million of Senior Unsecured Notes

Seagate Technology plc intends, subject to market and other conditions, to offer up to $600 million aggregate principal amount of senior notes due 2021 in a private placement. The Notes are expected to be issued by Seagate HDD Cayman, an indirect wholly-owned subsidiary of Seagate Technology plc, and guaranteed by Seagate Technology plc.

Seagate intends to use the net proceeds from the offering of the Notes for general corporate purposes, which may include, but are not limited to, the repayment, redemption and/or repurchase of a portion of its outstanding indebtedness, capital expenditures and investments in its business.