Edition:
United States

Western Digital Corp (WDC.OQ)

WDC.OQ on NASDAQ Stock Exchange Global Select Market

78.18USD
24 Mar 2017
Change (% chg)

-- (--)
Prev Close
$78.18
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
1,277,922
52-wk High
$81.62
52-wk Low
$35.00

Latest Key Developments (Source: Significant Developments)

Western Digital announces repricing of $2.985 bln of term B loans
Tuesday, 14 Mar 2017 01:41pm EDT 

Western Digital Corp : Western Digital announces successful repricing of $2.985 billion of usd term B loans . Western Digital Corp - new financing is expected to generate annual cash interest savings of approximately $30 million beginning on march 14, 2017 . Western Digital Corp- new term loans have same remaining tenor as previous U.S. Dollar-Denominated term B loans and mature on April 29, 2023 . Western Digital Corp - has priced $2.985 billion of new U.S. Dollar-Denominated term B-2 loans at an interest rate of libor + 2.75% .Western Digital -in connection with the transaction, western digital settled previous U.S. Dollar-Denominated term B-1 loans with proceeds of this new loan.  Full Article

Rambus signs license agreement with Western Digital
Monday, 6 Mar 2017 04:30pm EST 

Rambus Inc : Rambus signs license agreement with Western Digital . Agreement also includes an additional 5-year extension option . Specific terms of agreement were not disclosed .Agreement covers use of Rambus patented memory technologies in Western Digital products through 2021.  Full Article

Western Digital Q2 adj EPS $2.30
Wednesday, 25 Jan 2017 04:42pm EST 

Western Digital Corp : Western digital announces financial results for second fiscal quarter 2017 . Q2 non-gaap earnings per share $2.30 . Q2 earnings per share $0.80 . Q2 revenue $4.9 billion versus I/B/E/S view $4.76 billion .Q2 earnings per share view $2.13 -- Thomson Reuters I/B/E/S.  Full Article

Western Digital Corp renews patent cross-license agreement with Samsung<005930.KS>
Tuesday, 6 Dec 2016 04:35pm EST 

Western Digital Corp : Western Digital Corporation renews patent cross-license agreement with Samsung . Financial terms of renewed agreement were not disclosed. .Western Digital Corp - Renewed agreement will run through December 31, 2024.  Full Article

Western Digital to provide strategic update at 2016 investor day
Tuesday, 6 Dec 2016 08:00am EST 

Western Digital Corp : Western digital to provide strategic update at 2016 investor day .Western Digital Corp says reiterate that transition to 3D NAND technology continues to progress as planned.  Full Article

Avnet expands distribution agreement with Western Digital into China to help meet growing data challenges
Tuesday, 1 Nov 2016 11:00am EDT 

Avnet Inc : Avnet inc - to offer hgst-branded products and solutions in china, products will be available through Avnet global computing components business unit .Avnet expands distribution agreement with Western Digital into China to help meet growing data challenges.  Full Article

Western digital announces successful repricing and prepayment Term B loans
Thursday, 18 Aug 2016 08:00am EDT 

Western Digital Corp : Western Digital announces successful repricing of $3.0 billion Term B loans and prepayment of $750 million Term B loans . Says priced $3.0 billion of new U.S. Dollar-denominated Term B loans at an interest rate of LIBOR + 3.75% . Settled previous U.S. Dollar-denominated Term B loans with proceeds of this new loan and a voluntary cash prepayment of $750 million . Says new financing is expected to generate annual interest savings of approximately $128 million beginning on Aug. 17, 2016 .Financing reflects annual cash interest savings of about $100 million resulting from both 175 basis point reduction in interest spread.  Full Article

Western Digital Q4 loss per share $1.34
Thursday, 28 Jul 2016 04:15pm EDT 

Western Digital Corp : Western Digital announces financial results for fourth quarter and fiscal year 2016 . Q4 non-GAAP earnings per share $0.79 . Q4 loss per share $1.34 . Q4 revenue $3.5 billion versus I/B/E/S view $3.45 billion .Q4 earnings per share view $0.71 -- Thomson Reuters I/B/E/S.  Full Article

Western Digital says Mark Long will succeed Olivier Leonetti as CFO on Sept.1
Wednesday, 6 Jul 2016 04:15pm EDT 

Western Digital Corp : Western digital announces cfo transition . Mark long will succeed olivier leonetti as cfo on sept. 1 . Q4 non-gaap gross margin is expected to be approximately 31 percent, consistent with its earlier forecast . Q4 earnings per share view $0.68, revenue view $3.41 billion -- Thomson Reuters I/B/E/S . Leonetti is leaving company to pursue other opportunities but will continue as cfo through sept. 1, 2016 . Now expects its q4 revenue to be approximately $3.46 billion, compared to its earlier forecast of $3.35 billion to $3.45 billion .Company now expects q4 eps, on a non-gaap basis, to be approximately $0.72.  Full Article

Western Digital receives notice of an unsolicited mini-tender offer to purchase up to 2.5 mln shares
Wednesday, 8 Jun 2016 08:00am EDT 

Western Digital Corp : Received notice of an unsolicited mini-tender offer to purchase up to 2.5 million shares .Recommends that stockholders do not tender their shares in response to TRC Capital's offer because offer is low.  Full Article

More From Around the Web

BRIEF-Western Digital has repriced EUR881 million of new euro-denominated term B-2 loans at interest rate of EURIBOR + 2.00%

* Has successfully repriced eur881 million of new euro-denominated term b-2 loans at an interest rate of euribor + 2.00%