WDC 2.850% 01Feb2029 Corp (USD)

Bond Factsheet

Matured/ Called

Western Digital Corp

Indicative

Full Lot

Bid Price

97.711

Change in Bid Price

remove 0.209

Bid Yield (%)

Change in Bid Yield

Ask Price

98.693

Change in Ask Price

0.182

Ask Yield (%)

Change in Ask Yield

Indicative price as of 23 Feb 2026, 12:00am

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Bond Information

Western Digital Corporation is a global provider of solutions for the collection, storage, management, protection and use of digital content, including audio and video. The Company's products include hard drives, solid-state drives, and home entertainment and networking products.

Bond Issuer

Western Digital Corp

Guarantor

Announcement Date

07 Dec 2021

Issue Date

10 Dec 2021

Maturity Date

01 Feb 2029

Years to Maturity / Next Call

2.323 / 2.154

Modified Duration

Issue / Reoffer Price

99.816

Issue / Reoffer Yield

2.879

Coupon Type

Fixed

Annual Coupon Rate

2.850

Coupon Frequency

Semi Annually

Seniority

Secured

Reference Rate

ISIN

US958102AQ89

CUSIP

958102AQ8

Bond Currency

USD

Total 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)

***/ BBB-

Shariah Compliant

Exchange Listed

Others

Bond Feature(s)

Issuer Call

On or after December 1, 2028 (two months prior to the maturity date of the 2029Notes), the Issuer may redeem the 2029 Notes in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest thereon to the redemption date.

Make Whole Call

Prior to December 1, 2028 (two months prior to the maturity date of the 2029 Notes), the Issuer may at its option redeem all or a portion of the 2029 Notes at a redemption price equal to the greater of:
• (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the redemption date (assuming the 2029 Notes matured on December 1, 2028) on a semi-annual basis (assuming a 360-day year consisting oftwelve 30-day months) at the applicable Treasury Rate plus (x) 25 basis points less(b) interest accrued to the date of redemption, and
• 100% of the principal amount of the 2029 Notes to be redeemed plus, in either case, accrued and unpaid interest thereon to the redemption date.

Change Control Put

Change of Control Triggering Event
Within 30 days following the occurrence of a Change of Control Triggering Event, unless we have exercised our option to redeem all the Notes of such series as described under “—Optional Redemption,” each holder shall have the right to require that the Issuer make an offer to purchase such holder’s Notes of such series 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; or

(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.

“ Change of Control Triggering Event ” means the occurrence of both a Change of Control and a Rating Event.

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