Western Digital to Redeem $109.5 Million of Convertible Notes
Filed with the SEC on · Summarized by InvestorsBot
Western Digital will redeem all $109.505 million of its 3.00% convertible senior notes due 2028 on November 16, 2026, at 100% of principal plus accrued interest. Noteholders may convert through November 12 at a rate of 26.5231 shares per $1,000 of principal; the company expects substantially all notes to convert, with settlement consisting of cash up to principal and shares for any remaining obligation.