WD calls all $109.5 million of 3.00% convertible notes due 2028 for redemption

Western Digital will redeem all remaining 3.00% convertible senior notes due 2028, with $109,505,000 of principal outstanding, on November 16, 2026. Holders can convert until 5:00 p.m. New York time on November 12, 2026 at 26.5231 shares per $1,000 of principal, and the company expects substantially all holders to convert. Principal is settled in cash and any conversion value above principal in shares, so the notes leave no debt outstanding after the redemption.

• Outstanding principal $109,505,000, all to be redeemed
• Redemption date November 16, 2026; price 100% of principal plus accrued interest
• Conversion rate 26.5231 shares per $1,000 principal; deadline November 12, 2026, 5:00 p.m. NY time
• Company expects substantially all holders to convert; capped calls not expected to be modified