Key Developments: Seagate Technology PLC (STX.O)

STX.O on Nasdaq

68.40USD
19 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Seagate Technology PLC Issues Q2 2014 Revenue Guidance In Line With Analysts' Estimates-Conference Call
Monday, 28 Oct 2013 09:00am EDT 

Seagate Technology PLC announced that for second quarter of 2014, it expects revenue to be approximately $3.5-$3.6 billion. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $3.56 billion for the second quarter of 2014.  Full Article

Seagate Technology PLC Issues Q1 2014 Revenue Guidance In Line With Analysts' Estimates-Conference Call
Wednesday, 24 Jul 2013 08:15am EDT 

Seagate Technology PLC announced that for the first quarter of 2014, it expect revenues of approximately $3.5 billion to $3.6 billion. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $3.6 billion for the first quarter of 2014.  Full Article

Seagate Technology PLC Approves Quarterly Cash Dividend; Announces Share Repurchase Of $2.5 Billion Of Ordinary Shares
Wednesday, 24 Jul 2013 07:15am EDT 

Seagate Technology PLC announced that the Board of Directors has approved a quarterly cash dividend of $0.38 per share, which will be payable on August 21, 2013 to shareholders of record as of the close of business on August 7, 2013. The Board of Directors has authorized the Company to repurchase up to $2.5 billion of its outstanding ordinary shares (the July 2013 Authorization).  Full Article

Seagate Technology PLC Announces Pricing Of Senior Notes Offering
Wednesday, 15 May 2013 05:45pm EDT 

Seagate Technology PLC announced the pricing of its previously announced offering of $1.0 billion aggregate principal amount senior notes due 2023. The Notes were priced at 100% of the aggregate principal amount and will bear interest at a rate of 4.75% per annum. The Notes will be issued by Seagate HDD Cayman, an indirect wholly-owned subsidiary of Seagate Technology plc, and guaranteed by Seagate Technology plc. The Notes are being sold in a private placement to qualified institutional buyers pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended. The sale of the Notes is expected to close on May 22, 2013, subject to customary closing conditions. Seagate estimates that the net proceeds from the offering will be approximately $987 million after deducting discounts and estimated offering expenses. Seagate intends to use the net proceeds from the offering of the Notes to replenish cash associated with the recent redemption of the 10% Senior Secured Notes, to retire up to an aggregate amount of $250 million of outstanding senior notes, and for general corporate purposes, which may include, but are not limited to, capital expenditures and other investments in the business, and other repurchases of indebtedness.  Full Article

Seagate Technology PLC Announces Offering Of $1.0 Billion Of Senior Notes
Wednesday, 15 May 2013 08:47am EDT 

Seagate Technology PLC announced that it intends, subject to market and other conditions, to offer up to of $1.0 billion aggregate principal amount of senior notes (the Notes) in a private placement. The Notes are expected to be issued by Seagate HDD Cayman, an indirect wholly-owned subsidiary of Seagate Technology plc, and guaranteed by Seagate Technology plc. Seagate intends to use the net proceeds from the offering of the Notes to replenish cash associated with the recent redemption of the 10% Senior Secured Notes, to retire up to an aggregate amount of $250 million of outstanding senior notes, and for general corporate purposes, which may include, but are not limited to, capital expenditures and other investments in the business, and other repurchases of indebtedness.  Full Article

Seagate Technology PLC Issues Q4 2013 Revenue Guidance In Line With Analysts' Estimates-Conference Call
Wednesday, 8 May 2013 05:00pm EDT 

Seagate Technology PLC announced that for the fourth quarter of 2013, it expects revenues of approximately $3.3 billion to $3.45 billion. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $3.35 billion for the fourth quarter of 2013.  Full Article

Seagate Technology PLC Approves Quarterly Cash Dividend
Wednesday, 1 May 2013 04:02pm EDT 

Seagate Technology PLC announced that Board of Directors has approved a quarterly cash dividend of $0.38 per share, which will be payable on May 29, 2013 to shareholders of record as of the close of business on May 15, 2013.  Full Article

Seagate Technology PLC Issues Q3 2013 Revenue Guidance In Line With Analysts' Estimates-Conference Call
Monday, 28 Jan 2013 10:00pm EST 

Seagate Technology PLC announced that for third quarter of 2013, it expects revenue to be approximately $3.25-$3.45 billion. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $3.45 billion for third quarter of 2013.  Full Article

Seagate Technology PLC Raises Q2 2013 Revenue Guidance
Tuesday, 8 Jan 2013 04:06pm EST 

Seagate Technology PLC announced that for the second quarter of 2013, it expects revenue of at least $3.6 billion. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $3.5 billion for second quarter of 2013.  Full Article

Fitch Rates Seagate HDD Cayman's Sr. Unsecured Notes 'BBB-'; Outlook Stable

(The following statement was released by the rating agency) CHICAGO, November 24 (Fitch) Fitch Ratings has assigned a 'BBB-' rating to Seagate HDD Cayman's (Seagate HDD) $300 million of 20-year senior unsecured notes offering. The notes will be guaranteed by Seagate Technology plc (Seagate), the parent company of Seagate HDD. The Rating Outlook is Stable. Net proceeds from the debt offering will be used for the redemption of all outstanding 6.8% senior notes due 2016, of which $331 million w

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