Seagate Tech Redeems Senior Notes in Debt Restructuring

Seagate Tech ( (STX) ) has shared an update.

On June 11, 2025, Seagate HDD Cayman, a subsidiary of Seagate Technology Holdings, redeemed all its outstanding 4.875% Senior Notes due 2027, effectively satisfying all obligations under the related indenture. The company also announced early results and amendments to its exchange offers for eight series of senior notes, aiming to exchange them for new notes issued by Seagate Data Storage Technology Pte. Ltd. This move is part of a strategic financial restructuring to improve the company’s debt profile, potentially impacting stakeholders by altering the terms of existing debt agreements.

The most recent analyst rating on (STX) stock is a Buy with a $110.00 price target. To see the full list of analyst forecasts on Seagate Tech stock, see the STX Stock Forecast page.

Spark’s Take on STX Stock

According to Spark, TipRanks’ AI Analyst, STX is a Neutral.

Seagate Tech’s strong financial recovery and strategic initiatives in technology and shareholder returns position it well in the industry. However, high leverage remains a critical risk. The positive outlook from earnings and corporate actions enhances its appeal.

To see Spark’s full report on STX stock, click here.

More about Seagate Tech

Seagate Technology Holdings plc is a company operating in the data storage industry, primarily focused on the development and manufacturing of hard disk drives (HDDs) and other data storage solutions.

Average Trading Volume: 4,366,458

Technical Sentiment Signal: Buy

Current Market Cap: $27.01B

Find detailed analytics on STX stock on TipRanks’ Stock Analysis page.