Monday, November 20, 2017

WD Announces Prepayment of €874 Million of Euro Term B Loans

Western Digital Corporation today announced that it 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.