Summary
Western Digital Corporation (WDC) has filed an amendment to its previous 8-K filing to disclose the exact number of shares of common stock to be issued in private exchange transactions for its 3.00% Convertible Senior Notes due 2028. These transactions, previously announced on June 3, 2026, involve the exchange of approximately $858.4 million aggregate principal amount of these Notes for a combination of cash and WDC's common stock. This amendment clarifies the equity component of the deal, which was previously undisclosed due to a stock price measurement period.
Key Highlights
- 1Amendment discloses 21,289,938 shares of common stock will be delivered in exchange for convertible notes.
- 2These shares are part of private exchange transactions involving $858.4 million aggregate principal amount of 3.00% Convertible Senior Notes due 2028.
- 3The exchange involved a combination of cash and shares of Western Digital's common stock.
- 4The exact number of shares was determined based on the average stock price over a two-day measurement period (June 3-4, 2026).
- 5This filing does not amend any other aspects of the original 8-K report filed on June 3, 2026.