15/09/2023 Deals

We are pleased to have partnered with Ropes & Gray in advising our long-standing client Seagate Technology Holdings PLC on its sale of $1.5 billion exchangeable senior unsecured notes due 2028. In connection with the notes, the team also advised Seagate Technology on privately negotiated capped call option transactions with certain initial purchasers of the notes. The capped call transactions are expected generally to reduce the potential dilution to Seagate’s ordinary shares upon exchange of the notes. This offering of exchangeable notes alongside a related capped call transaction is the first of its kind in Ireland. 

The team was led by Chris McLaughlin (Corporate and M&A) and included Tim Gleeson and Philippa Bourke (Corporate and M&A), Phil Cody (Finance and Derivatives), and Fintan Clancy and Elaine Mooney (Tax).

Read more here.