Seagate Technology Holdings plc (NASDAQ: STX) and its subsidiary Seagate HDD Cayman have recently disclosed entering into private exchange agreements with a select group of holders of Seagate HDD’s 3.50% Exchangeable Senior Notes due 2028. This exchange, which took place on May 20, 2026, involved swapping $185.908 million principal amount of notes for an undisclosed aggregate consideration. This marks a significant financial move for Seagate and its subsidiary as they strategically manage their bond obligations.