8-KRegulation FDExhibits & Filings

WESTERN DIGITAL CORP 8-K Report, Regulation FD Disclosure (Jan 31, 2018)

Filed January 31, 2018For Securities:WDC

Summary

Western Digital Corporation (WDC) has announced the pricing of significant debt offerings on January 30, 2018. The company has successfully priced $2.3 billion in aggregate principal amount of senior notes due 2026 and $1.0 billion in aggregate principal amount of convertible senior notes due 2024. These offerings represent a substantial capital raise that will likely be used for various corporate purposes, potentially including funding operations, strategic initiatives, or refinancing existing debt. Investors should note that this announcement is made in accordance with Regulation FD disclosure rules. While these notes are being issued, the information provided is not considered formally "filed" under Section 18 of the Exchange Act, meaning it doesn't carry the same liability implications as a formal filing. However, the details within the accompanying press release (Exhibit 99.1) are crucial for understanding the terms and implications of these debt issuances.

Key Highlights

  • 1Western Digital Corporation (WDC) priced two debt offerings on January 30, 2018.
  • 2The company raised $2.3 billion through senior notes due 2026.
  • 3An additional $1.0 billion was raised through convertible senior notes due 2024.
  • 4The total aggregate principal amount of the offerings is $3.3 billion.
  • 5The announcement was made via a press release filed as Exhibit 99.1 to the 8-K.
  • 6Information is provided under Regulation FD disclosure.

Frequently Asked Questions

Western Digital Corporation raised a total of $3.3 billion through the pricing of its senior notes and convertible senior notes.

The senior notes have a maturity date in 2026, and the convertible senior notes have a maturity date in 2024.

This significant debt issuance could impact WDC's capital structure, potentially funding growth initiatives, acquisitions, or debt refinancing. Investors should review the terms of the notes and the company's use of proceeds as detailed in the press release to understand the financial implications.

No, according to the filing, the information under Item 7.01, including the press release, is furnished under Regulation FD and is not deemed "filed" for purposes of Section 18 of the Exchange Act, nor is it incorporated by reference into other SEC filings unless expressly stated.