Here is Why Seagate (STX) One of the Best Future Stocks to Buy and Hold for 10 Years
Key takeaways
- On June 12, Seagate Technology Holdings announced the full redemption of its 3.50% Exchangeable Senior Notes due 2028.
- This redemption process, managed by Computershare Trust Company, is expected to eliminate approximately $150.7 million of debt.
- Seagate Technology Holdings (NASDAQ:STX) is a data storage and technology company that offers a portfolio of advanced storage solutions to hyperscale cloud providers, enterprises, and consumers.
Here is Why Seagate (STX) One of the Best Future Stocks to Buy and Hold for 10 Years Maham Fatima Sat, June 27, 2026 at 11:16 PM GMT+7 1 min read STX Seagate Technology Holdings (NASDAQ:STX) is one of the best future stocks to buy and hold for 10 years. On June 12, Seagate Technology Holdings announced the full redemption of its 3.50% Exchangeable Senior Notes due 2028. The company intends to redeem all outstanding notes for cash on September 8, at a price equal to the principal amount plus any accrued and unpaid interest.
Holders retain the option to exchange their notes for Seagate ordinary shares before the deadline of 5:00 p.m. New York City time on September 3. The exchange rate is currently set at 12.1363 shares per $1,000 principal amount, with a scheduled adjustment on June 25, following the company's recent dividend declaration.
This redemption process, managed by Computershare Trust Company, is expected to eliminate approximately $150.7 million of debt. Investors must submit their notes for redemption or exchange through the specified procedures before the respective deadlines to receive payment or shares.