News & Events

Simpson Thacher recently represented Seagate Technology in the issuance of $600 million in aggregate principal amount of 7% Senior Notes due 2021. The notes were issued by Seagate HDD Cayman and guaranteed by its parent, Seagate Technology plc. Seagate intends to use the net proceeds from the notes offering for general corporate purposes, which may include the repayment, redemption and/or repurchase of a portion of its outstanding indebtedness, capital expenditures and investments in its business.

Morgan Stanley & Co. Incorporated acted as sole lead and bookrunning manager of the offering.

Seagate is the worldwide leader in the design, manufacture and marketing of hard disk drives and storage solutions, providing products for a wide-range of applications, including Enterprise, Desktop, Mobile Computing, Consumer Electronics and Branded Solutions.

The Simpson Thacher team included Bill Hinman, Dan Webb, Emma Channing (Capital Markets), Jakob Edell (Corporate Paralegal), Jeff Ostrow and Keren Siman-Tov (IP), Daniel Foster (Tax).