Western Digital Corporation announced on March 13, 2025, its plan to redeem $1,800,000,000 aggregate principal amount of its 4.750% Senior Notes due 2026. The redemption date for these Notes is set for April 14, 2025.
The Notes will be redeemed at 100% of their principal amount, along with any accrued and unpaid interest up to the redemption date. Upon completion of this redemption, $500,000,000 aggregate principal amount of the Notes will remain outstanding.
This action demonstrates Western Digital's commitment to strengthening its balance sheet and managing its debt obligations. Reducing principal debt can improve the company's financial health and free up capital for other strategic initiatives or shareholder returns.
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