8-KItem 3.02 · Unregistered Equity SalesItem 8.01 · Other Events
Western Digital to exchange $191 million of convertible notes for cash and shares
Filed with the SEC on · Summarized by InvestorsBot
Western Digital entered agreements on August 26, 2026, with certain holders to exchange approximately $191.0 million of its 3.00% convertible notes due 2028 for about $192.7 million in cash, including principal and accrued interest, plus shares covering the remaining conversion value. The transactions are expected to close on or after September 2, 2026, subject to customary conditions; the filing does not specify the number of shares, but the exchange will reduce the company’s convertible debt and may increase its shares outstanding.