The company issued new senior notes due 2029, 2031, 2032 and 2034

Davis Polk advised the lead dealer managers and consent solicitation agents in connection with the offers by Seagate Data Storage Technology Pte. Ltd. to exchange eight series of senior notes originally issued by Seagate HDD Cayman (Seagate HDD) for new notes issued by Seagate Data Storage Technology. The offers cover any and all outstanding: 4.091% senior notes due 2029 for new 4.091% senior secured notes 2029, 8.250% senior notes due 2029 for new 8.250% senior secured notes due 2029, 8.500% senior notes due 2031 for new 8.500% senior secured notes due 2031, 9.625% senior notes due 2032 for new 9.625% senior secured notes due 2032, 5.750% senior notes due 2034 for new 5.750% senior secured notes due 2034, 3.125% senior notes due 2029 for new 3.125% notes due 2029, 4.125% senior notes due 2031 for new 4.125% senior secured notes due 2031, and 3.375% senior notes due 2031 for new 3.375% notes due 2031.

The notes are unconditionally guaranteed by Seagate Technology Holdings public limited company, Seagate Technology Unlimited Company and Seagate HDD. We also advised the dealer managers and solicitation agents with respect to the related solicitation of consents from the holders of the existing notes to amend the indentures governing such notes.

Seagate is a leading provider of data storage technology and infrastructure solutions. Its principal products are hard disk drives. In addition, Seagate produces a broad range of data storage products including solid state drives, solid state hybrid drives and storage subsystems, as well as a scalable edge-to-cloud mass data platform that includes data transfer shuttles and a storage-as-a-service cloud.

The Davis Polk corporate team included partner Michael Kaplan, counsel Christopher H. Van Buren and associates David Giordano and Maddie White. Counsel Loyti Cheng and associate Timothy J. Sullivan provided environmental advice. The tax team included partner Kara L. Mungovan and associate Bryce Maxey. Partner Pritesh P. Shah and associate Gabrielle Mazero provided intellectual property advice. All members of the Davis Polk team are based in the New York office.

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