Seagate Announces Exchange Offers for Certain Outstanding Debt Securities - Seite 2

2

0.625% due May 15, 2030

FIT1

250

$50

1. All Existing Notes of a series tendered for exchange in the Exchange Offers on or before the Early Exchange Date (as defined below) will have priority over any Existing Notes of such series that are tendered for exchange after the Early Exchange Date and on or before the Expiration Date (as defined below).
2. Acceptance of the Existing Notes of each series is subject to the Acceptance Priority Level, relevant Exchange Cap and the New Issue Cap set forth above.
3. Per $1,000 principal amount of Existing Notes.
4. Holders who validly tender Existing Notes after the Early Exchange Date but on or before the Expiration Date will not be eligible to receive the “Early Exchange Premium” of $50 principal amount of New Notes for each $1,000 principal amount of Existing Notes validly tendered and not validly withdrawn.

If the aggregate principal amount of Existing Notes of a series validly tendered on or before the Early Exchange Date constitutes a principal amount of Existing Notes of such series that, if accepted by the Company, would result in it issuing New Notes having an aggregate principal amount equal to or in excess of the New Issue Cap or will exceed the applicable Exchange Cap, the Company will not accept any Existing Notes of such series tendered for exchange after the Early Exchange Date (even if they are of Acceptance Priority Level 1). If acceptance of all validly tendered Existing Notes of a series on the Early Exchange Date or the Expiration Date, as applicable, would be in excess of the relevant Exchange Cap or result in the Company issuing New Notes having an aggregate principal amount in excess of the New Issue Cap, the tendered Existing Notes of such series will be accepted subject to proration as described in the Offering Documents.

Each Exchange Offer will expire at 11:59 p.m., New York City time, on June 30, 2020, unless extended by the Company (such date and time, as may be extended, the “Expiration Date”). Tenders of Existing Notes may be withdrawn at any time at or prior to 5:00 p.m., New York City time, on June 16, 2020, unless extended by the Company (such date and time, as may be extended, the “Withdrawal Deadline”), but will thereafter be irrevocable, except in certain limited circumstances where additional withdrawal rights are required by law.