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04.13.2009 - Seagate Technology Announces Offering Of $430 Million Of Senior Secured Second-Priority Notes

View Seagate-Technology related news. SCOTTS VALLEY, Calif. - April 13, 2009 - Seagate Technology (NASDAQ: STX) today announced that it intends, subject to market and other conditions, to offer $430 million aggregate principal amount of senior secured second-priority notes due 2014 (the “Notes”) in a private placement. The Notes are expected to be issued by Seagate Technology International, an indirect wholly-owned subsidiary of Seagate Technology, and guaranteed by Seagate Technology, Seagate Technology HDD Holdings and all of Seagate Technology’s subsidiaries that guarantee its senior secured credit facility, on a full and unconditional basis and secured by a second-priority lien on the assets that secure the senior secured credit facility.

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NID: 27871 / Submitted by: TACKtech Team
Categories: Press Release
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