Western Digital offers senior notes in two tranches due 2029, 2032

By Devika Patel

Knoxville, Tenn., Dec. 7 – Western Digital Corp. intends to issue fixed-rate senior notes in two tranches due 2029 and 2032, according to a 424B2 filed with the Securities and Exchange Commission.

The notes feature a make-whole call until two months prior to maturity for the 2029 notes and until three months prior to maturity for the 2032 notes, and then a par call after those dates.

BofA Securities Inc., J.P. Morgan Securities LLC and MUFG are the bookrunners.

Proceeds will be used to refinance debt, including repaying the company’s term loan A-1 due Feb. 27, 2023.

Western Digital is an Irvine, Calif.-based developer and manufacturer of storage solutions that enable people to create, manage, experience and preserve digital content.

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