Summary
Western Digital Corporation (WDC) disclosed via an 8-K filing on October 10, 2023, that its wholly-owned subsidiary, Western Digital Technologies, Inc. (WDT), has entered into a second supplemental indenture. This agreement pertains to WDT's guarantee of Western Digital Corporation's 1.50% Convertible Senior Notes due 2024. This guarantee is contingent upon WDT remaining a guarantor for the company's 4.750% Senior Notes due 2026 and adhering to the indenture's terms.
Key Highlights
- 1WDT, a WDC subsidiary, entered into a second supplemental indenture on October 10, 2023.
- 2The indenture relates to WDC's 1.50% Convertible Senior Notes due 2024.
- 3WDT will guarantee these convertible notes under specific conditions.
- 4The guarantee is linked to WDT's status as a guarantor for the 4.750% Senior Notes due 2026.
- 5This filing clarifies the guarantor status for outstanding debt instruments.
- 6The full indenture agreement is available as an exhibit to the filing.