Bond Factsheet
WDC 4.750% 15Feb2026 Corp (USD)
Western Digital Corp
Indicative
Full Lot
Bid Price 99.939
Change in Bid Price 0.023
Bid Yield (%) -
Change in Bid Yield
-
Ask Price 100.259
Change in Ask Price 0.040
Ask Yield (%) -
Change in Ask Yield
-
Indicative price as of 05 Feb 2026, 12:00am
Bond Issuer
Western Digital Corp
Guarantor
Multiple Guarantors
Announcement Date
30 Jan 2018
Issue Date
13 Feb 2018
Maturity Date
15 Feb 2026
Years to Maturity / Next Call
- / -
Modified Duration
-
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
4.750
Coupon Type
Fixed
Annual Coupon Rate
4.750
Coupon Frequency
Semi Annually
Seniority
Senior Unsecured
Reference Rate
-
ISIN
US958102AM75
CUSIP
958102AM7
Bond Currency
USD
Total Issue Size
2,300,000,000
Outstanding Issue Size
500,000,000
Min. Investment Quantity (Nominal)
USD 2,000
Incremental Quantity (Nominal)
USD 1,000
Bond Type
High Yield Corporate
Bond Sector
Information Technology
Bond Sub Sector
Technology Hardware, Storage and Peripherals
Issuer Credit Rating (S&P/ Fitch)
***/ BB+
Bond Credit Rating (S&P/ Fitch)
***/ BB+
Shariah Compliant
No
Exchange Listed
Others
Issuer Call
If the optional redemption date is on or after an interest record date but on or prior to the related interest payment date, then any accrued and unpaid interest in respect of Notes subject to redemption will be paid on the redemption date to the Person in whose name the Note is registered at the close of business, on such record date, and no additional interest will be payable to holders whose Notes will be subject to redemption by the Issuer.
Make Whole Call
“Applicable Premium” means with respect to a Note at any redemption date, as provided by the Issuer, the excess of
(1) the present value at such redemption date of the Remaining Scheduled Payments on such Note (but excluding accrued and unpaid interest, if any, to, but excluding, the redemption date), computed using a discount rate equal to the Adjusted Treasury Rate, over (2) the principal amount of such Note on such redemption date.
Change Control Put
Within 30 days following the occurrence of a Change of Control Triggering Event, unless we have exercised our option to redeem all the Notes as described under “—Optional Redemption,” each noteholder shall have the right to require that the Issuer make an offer to purchase such noteholder’s Notes at a purchase price in cash equal to 101% of the principal amount thereof on the date of purchase plus accrued and unpaid interest, if any, to but excluding the date of purchase.
If the Change of Control purchase date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest to the Change of Control purchase date will be paid on the Change of Control purchase date to the Person in whose name a Note is registered at the close of business on such record date.
A “Change of Control” means the occurrence of any of the following:
(1) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act), is or becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of more than 50% of the total voting power of the Voting Stock of the Issuer;
(2) the merger or consolidation of the Issuer with or into another Person or the merger of another Person with or into the Issuer, or the sale of all or substantially all the assets of the Issuer (determined on a consolidated basis) to another Person other than a transaction following which (A) in the case of a merger or consolidation transaction, holders of securities that represented 100% of the Voting Stock of the Issuer immediately prior to such transaction (or other securities into which such securities are converted as part of such merger or consolidation transaction) own directly or indirectly at least 50% of the voting power of the Voting Stock of the surviving Person in such merger or consolidation transaction immediately after such transaction and (B) in the case of a sale of assets transaction, each transferee becomes an obligor in respect of the Notes and a Subsidiary of the transferor of such assets; or
(3) an event constituting a “change of control” under the indenture governing the 2023 Secured Notes to the extent any of the 2023Secured Notes are then outstanding.
“Change of Control Triggering Event” means the occurrence of both a Change of Control and a Rating Event.
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