Western Digital to Redeem $109.5 Million of Convertible Notes on November 16
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; interest will stop accruing after that date. Holders may convert through November 12 at a rate of 26.5231 shares per $1,000 of notes, and Western Digital expects substantially all notes to be converted, with amounts above principal potentially settled in common stock.