Western Digital to redeem USD 109,505,000 of 3% convertible notes due 2028 on Nov. 16 - WDC News | RalliesWestern Digital to redeem USD 109,505,000 of 3% convertible notes due 2028 on Nov. 16
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WDC• Western Digital to redeem convertible notes due 2028
- Western Digital will redeem all outstanding 3.00% Convertible Senior Notes due 2028, totaling $109.51 million principal.
- Redemption set for Nov. 16, 2026 at 100% of principal, with accrued and unpaid interest to, excluding, the redemption date.
- Holders can convert notes until Nov. 12, 2026; conversion rate is 26.5231 shares per $1,000 principal.
- Company expects most holders to convert; it plans to pay cash up to principal, settling any excess conversion value in shares.
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