Seagate HDD Cayman $700 Million Senior Notes Offering
Davis Polk advised the joint-lead and bookrunning managers in connection with the offering by Seagate HDD Cayman of $700 million aggregate principal amount of its 4.875% senior notes due 2027. The notes are unconditionally guaranteed by Seagate Technology plc. The notes were sold in an offering exempt from registration pursuant to Rule 144A and Regulation S.
Based in the Cayman Islands, Seagate HDD Cayman is a subsidiary of Seagate Technology plc, which is a leading provider of electronic data storage products.
The Davis Polk corporate team included partner Michael Kaplan and associates Elliot M. de Carvalho and Stephanie M. Rohlfs. Counsel Loyti Cheng and associate Amy E. Turner provided environmental advice. The tax team included partner Michael Farber and associate Ariel David Siman. Former associate David He provided intellectual property advice. All members of the Davis Polk team are based in the New York office.