Western Digital Announces Senior Notes Redemption
Western Digital (WDC) has announced plans to redeem $1.8 billion of its 4.750% Senior Notes due 2026. The redemption is scheduled for April 14, 2025, with the redemption price set at 100% of the principal amount plus any applicable premium and accrued unpaid interest up to the redemption date.
The company specified that the applicable premium on the Notes to be redeemed will be zero as of the Redemption Date. After the redemption is completed, $500 million aggregate principal amount of the Notes will remain outstanding. Interest on the redeemed Notes will cease to accrue after the Redemption Date.
Western Digital (WDC) ha annunciato piani per il rimborso di 1,8 miliardi di dollari delle sue Note Senior al 4,750% in scadenza nel 2026. Il rimborso è previsto per il 14 aprile 2025, con il prezzo di rimborso fissato al 100% dell'importo principale più eventuali premi applicabili e interessi non pagati maturati fino alla data di rimborso.
L'azienda ha specificato che il premio applicabile sulle Note da rimborsare sarà zero a partire dalla Data di Rimborso. Dopo il completamento del rimborso, rimarrà in circolazione un importo principale aggregato di 500 milioni di dollari delle Note. Gli interessi sulle Note rimborsate cesseranno di maturare dopo la Data di Rimborso.
Western Digital (WDC) ha anunciado planes para redimir 1.8 mil millones de dólares de sus Notas Senior al 4.750% con vencimiento en 2026. La redención está programada para el 14 de abril de 2025, con el precio de redención establecido en el 100% del monto principal más cualquier prima aplicable e intereses acumulados no pagados hasta la fecha de redención.
La empresa especificó que la prima aplicable sobre las Notas a redimir será cero a partir de la Fecha de Redención. Una vez completada la redención, quedará un monto principal agregado de 500 millones de dólares de las Notas. Los intereses sobre las Notas redimidas dejarán de acumularse después de la Fecha de Redención.
웨스턴 디지털 (WDC)는 2026년에 만기가 도래하는 4.750%의 선순위 채권 18억 달러를 상환할 계획을 발표했습니다. 상환은 2025년 4월 14일로 예정되어 있으며, 상환 가격은 원금의 100%와 상환일까지 발생한 미지급 이자 및 적용 가능한 프리미엄을 포함합니다.
회사는 상환일 기준으로 상환할 채권에 대한 적용 가능한 프리미엄이 제로가 될 것이라고 명시했습니다. 상환이 완료된 후에는 5억 달러의 총 원금이 남아 있게 됩니다. 상환된 채권에 대한 이자는 상환일 이후로 발생하지 않습니다.
Western Digital (WDC) a annoncé des plans pour racheter 1,8 milliard de dollars de ses Obligations Senior à 4,750% arrivant à échéance en 2026. Le rachat est prévu pour le 14 avril 2025, le prix de rachat étant fixé à 100% du montant principal plus toute prime applicable et les intérêts courus non payés jusqu'à la date de rachat.
La société a précisé que la prime applicable sur les Obligations à racheter sera nulle à partir de la Date de Rachat. Une fois le rachat effectué, un montant principal agrégé de 500 millions de dollars des Obligations restera en circulation. Les intérêts sur les Obligations rachetées cesseront de courir après la Date de Rachat.
Western Digital (WDC) hat Pläne angekündigt, 1,8 Milliarden Dollar seiner 4,750% Senior Notes mit Fälligkeit 2026 einzulösen. Die Einlösung ist für den 14. April 2025 angesetzt, wobei der Einlösungsbetrag auf 100% des Nennbetrags zuzüglich etwaiger anwendbarer Prämien und aufgelaufener, nicht gezahlter Zinsen bis zum Einlösungsdatum festgelegt ist.
Das Unternehmen gab an, dass die anwendbare Prämie für die einzulösenden Notes zum Einlösungsdatum null betragen wird. Nach Abschluss der Einlösung verbleiben 500 Millionen Dollar an Gesamtnennbetrag der Notes ausstehend. Die Zinsen auf die eingelösten Notes hören nach dem Einlösungsdatum auf zu laufen.
- Early debt reduction of $1.8 billion strengthens balance sheet
- Zero premium payment required for redemption
- Reduces future interest payment obligations
- Significant cash outlay of $1.8 billion required for redemption
The redemption date for the Notes is April 14, 2025 (the “Redemption Date”). The Notes will be redeemed on the Redemption Date at a redemption price equal to
A notice of redemption is being sent by the trustee for the Notes to all currently registered holders of such Notes. This press release does not constitute a notice of redemption under the indenture governing the Notes.
About Western Digital
Western Digital empowers the systems and people who rely on data. Consistently delivering massive capacity, high quality and low TCO, Western Digital is trusted by hyperscale cloud providers, enterprise data centers, content professionals and consumers around the world. Core to its values, the company recognizes the urgency to combat climate change and is on a mission to design storage technologies that not only meet today’s data demands but also contribute to a more climate-conscious future. Follow Western Digital on LinkedIn and learn more at www.westerndigital.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of federal securities laws. Although we believe that our expectations are based upon reasonable assumptions, no assurance can be given that our goals will be achieved, including statements regarding the terms and timing of the redemption of the Notes. For a discussion of some of the risks and important factors that could affect such forward-looking statements, see the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the company’s most recent Annual Report on Form 10-K and the Quarterly Reports on Form 10-Q, filed with the Securities Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the company undertakes no obligation to update or revise these forward-looking statements to reflect new information or events, except as required by law.
© 2025 Western Digital Corporation or its affiliates. All rights reserved. Western Digital, the Western Digital design, and the Western Digital logo are registered trademarks or trademarks of Western Digital Corporation or its affiliates in the US and/or other countries. All other marks are the property of their respective owners.
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Source: Western Digital Corporation
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