Seagate to retire up to $250 million of senior notes via new offering

By Tali David

Minneapolis, May 15 - Seagate Technology plc plans to use the proceeds from a note offering to retire up to an aggregate amount of $250 million of outstanding senior notes, according to a press release.

It will also replenish cash associated with the recent redemption of its 10% senior secured notes and fund general corporate purposes, which may include, but are not limited to, capital expenditures and other investments in the business and other repurchases of debt.

Seagate, based in Dublin and with an office in Cupertino, Calif., designs, manufactures, markets and sells hard disk drives.

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