Tuesday, January 30, 2018

WD Announces Proposed Offerings of $2.3B of Senior Notes

Western Digital Corporation today announced concurrent proposed offerings of $2.3 billion aggregate principal amount of senior notes due 2026 (the "2026 notes") and $1.0 billion aggregate principal amount of convertible senior notes due 2024 (the "2024 convertible notes" and, together with the 2026 notes, the "notes"), in each case subject to market and other conditions as further described below. The notes will be issued by Western Digital, and guaranteed, jointly and severally on a senior basis, by certain of Western Digital's subsidiaries.