Key Developments: Seagate Technology PLC (STX.O)

STX.O on Nasdaq

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18 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Seagate Technology PLC announces pricing and increased size of senior unsecured notes offering
Monday, 24 Nov 2014 05:58pm EST 

Seagate Technology PLC:Says that it has increased the size of its previously announced offering of $300 million aggregate principal amount of senior notes due 2034 to $500 million.Says the Notes were priced at 99.706 pct. of the aggregate principal amount and will bear interest at a rate of 5.75 pct. per annum.Says 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 sale of the Notes is expected to close on Dec. 2, 2014.Seagate estimates that the net proceeds from the offering will be about $492 million after deducting underwriting discounts and estimated offering expenses.Says it intends to use the net proceeds from the offering for general corporate purposes.Also which may include, but are not limited to, the retirement of a portion of its existing indebtedness, capital expenditures and other investments in the business.  Full Article

Seagate Technology PLC gives Q2 2015 revenue guidance in line with analysts' estimates - Conference Call
Monday, 27 Oct 2014 09:00am EDT 

Seagate Technology PLC:Expects to achieve revenue of about $3.7 billion in Q2 2015.Q2 2015 revenue of $3.7 billion - Thomson Reuters I/B/E/S.  Full Article

Seagate Technology raises targeted annual dividend 26 pct to $2.16
Wednesday, 22 Oct 2014 04:44pm EDT 

Seagate Technology PLC:Declares a 26 pct increase in the company's targeted regular cash dividend.Targeted annual dividend will increase from $1.72 to $2.16 per share and will continue to be paid quarterly.Payable on Nov. 25 to stockholders of record as of the close of business on Nov. 11.  Full Article

Seagate Technology PLC and Baidu sign strategic cooperation agreement
Wednesday, 17 Sep 2014 12:00pm EDT 

Seagate Technology PLC:Announced it has signed a strategic cooperation agreement with Baidu, China's web services firm, in the areas of low-cost online storage, archiving and Big Data analysis.Under the agreement, Baidu will give priority to Seagate products when considering components for all Baidu servers and storage facilities.  Full Article

Seagate Technology PLC completes acquisition of LSI's Flash Businesses from Avago
Tuesday, 2 Sep 2014 04:01pm EDT 

Seagate Technology PLC:Completes previously announced acquisition of the assets of LSI's Accelerated Solutions Division (ASD) and Flash Components Division (FCD) from Avago Technologies Limited.  Full Article

Seagate Technology PLC gives Q1 2015 revenue guidance above analysts' estimates - Conference Call
Thursday, 17 Jul 2014 05:30pm EDT 

Seagate Technology PLC:Plans to achieve revenue of at least $3.55 billion in Q1 2015.Q1 2015 revenue of $3.54 billion - Thomson Reuters I/B/E/S.  Full Article

Seagate Technology PLC declares dividend
Thursday, 17 Jul 2014 04:01pm EDT 

Seagate Technology PLC:Approves a quarterly cash dividend of $0.43 per share.Payable on Aug. 22 to shareholders of record as of the close of business on Aug. 8.  Full Article

Seagate Technology PLC announces completion of cash tender offers for outstanding 7.000 pct senior notes due 2021 and 6.875 pct senior notes due 2020
Wednesday, 18 Jun 2014 01:48pm EDT 

Seagate Technology PLC:Completes cash tender offers by its wholly owned subsidiary, Seagate HDD Cayman (HDD Cayman), previously announced on May 20, 2014 (Tender Offers).To purchase up to an aggregate combined principal amount of $300 mln of outstanding 7.000 pct Senior Notes due 2020 and outstanding 6.875 pct Senior Notes due 2020.Tender Offers expired at 11:59 p.m., New York City time, on June 17, 2014.Morgan Stanley & Co. LLC acted as the sole dealer manager (the "Dealer Manager") for the Tender Offers and Global Bondholder Services Corporation acted as depositary and information agent for the Tender Offers.As of the expiration of the Tender Offers, HDD Cayman had received tenders for an aggregate principal amount of about $277.5 mln of the 2021 Notes and an aggregate principal amount of about $252.4 mln of the 2020 Notes.  Full Article

Seagate Technology to acquire LSI's Flash Businesses From Avago
Thursday, 29 May 2014 07:49am EDT 

Seagate Technology PLC:Enters into definitive asset purchase agreement under which Seagate to acquire the assets of LSI's Accelerated Solutions Division and Flash Components Division from Avago for $450 mln in cash.Transaction is expected to close in the third quarter of calendar year 2014.  Full Article

Seagate Technology PLC announces pricing and increased size of senior unsecured notes offering
Tuesday, 20 May 2014 05:35pm EDT 

Seagate Technology PLC:Increases size of its previously announced offering of $500 mln aggregate principal amount of senior notes due 2025 (Notes) to $1 bln.The Notes were priced at 100 pct of aggregate principal amount and will bear interest at a rate of 4.75 pct per annum.Notes will be issued by Seagate HDD Cayman, an indirect wholly-owned subsidiary of Seagate Technology plc (Seagate), and guaranteed by Seagate.Sale of Notes is expected to close on May 28, 2014.Seagate estimates that net proceeds from the offering will be about $987 mln after deducting underwriting discounts and estimated offering expenses.Seagate intends to use the net proceeds from the offering of the Notes for general corporate purposes, which may include, but are not limited to, the retirement of a portion of its outstanding indebtedness, capital expenditures and other investments in the business.  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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