WESTERN DIGITAL CORP — Form 8-K
Filed September 14, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 22/100
What the filing says
Western Digital announced redemption of all $109.505 million in aggregate principal of 3.00% Convertible Senior Notes due 2028 on November 16, 2026, at 100% of principal plus accrued interest. Conversion rate is 26.5231 shares per $1,000 principal; the company expects substantially all holders will convert before the redemption date. Settlement will be 100% cash for principal amount with remainder in common stock, and no modifications to related capped call hedges are anticipated.
Why this rating
Debt maturity management routine for large cap; $109.5M is 0.23% of $47.7B market cap—immaterial in isolation. Expected conversion reduces cash outlay. No debt restructuring or financial stress signal.
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