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Prospect News home > News index > List of issuers Tenders > Headlines for 2014 > News item
Published on 6/9/2014 in the Prospect News High Yield Daily, Prospect News Investment Grade Daily and Prospect News Liability Management Daily.

Seagate plans to redeem all remaining 7¾% notes due 2018

By Marisa Wong

Madison, Wis., June 9 – Seagate Technology plc wholly owned subsidiary Seagate HDD Cayman said it intends to redeem all of its remaining outstanding 7¾% senior notes due 2018.

As of June 9, the outstanding principal amount of the notes is $44,496,000.

Seagate expects to redeem the notes on July 11 at par plus 100% an applicable premium, along with accrued interest from June 15 to the redemption date.

Seagate is a data storage company based in Cupertino, Calif.


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