€874 Million of Euro Term B Loans by Western Digital

In full using cash on hand

This is a Press Release edited by StorageNewsletter.com on November 20, 2017 at 2:41 pm

Western Digital Corporation made a voluntary prepayment of its Euro-denominated term B-2 loans in full using cash on hand.

This prepayment of the Euro-denominated term B-2 loans is consistent with the company’s commitment to deleveraging and is expected to generate annual cash interest savings of approximately $28 million beginning on Nov. 17, 2017, along with approximately $20 million of annual savings related to hedging costs of the Euro-denominated term B-2 loans.