WD agrees to exchange about $191 million of 2028 convertible notes for cash and stock

Western Digital agreed to privately exchange about $191.0 million of its 3.00% convertible senior notes due 2028 for cash and common stock, dated August 26, 2026. The filing says 4,653,572 exchange shares will be delivered, with closing expected on or after September 2, 2026. That share count is about 1.2% of the roughly 388 million diluted shares guided for fiscal Q1 2027.

• About $191.0 million of 3.00% notes due 2028 subject to the exchange
• 4,653,572 exchange shares to be delivered
• Closing expected on or after September 2, 2026
• Share count about 1.2% of the ~388 million diluted shares guided for fiscal Q1 2027