Western Digital to Redeem All Remaining $109.5M of 2028 Convertible Notes
WDC has more than doubled off its 52-week low of $94.412.
Summary
Western Digital announced redemption of all remaining $109.5 million of its 3.00% convertible notes due 2028, with a redemption date of November 16, 2026. The company expects most holders to convert, settling principal in cash and premium in shares.
Key Events · Financing and Capital Events · WDC
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Full Redemption of 2028 Convertible Notes
Western Digital called all $109,505,000 of its remaining 3.00% Convertible Senior Notes due 2028 for redemption on November 16, 2026.
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Conversion Terms Set
Conversion rate is 26.5231 shares per $1,000 principal. Company elected 0% cash percentage, so principal is paid in cash and any conversion premium is settled in shares.
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Potential Share Issuance
If all notes convert, approximately 2.9 million shares would be issued (109,505 × 26.5231), a modest dilution for a $161B company.
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Timeline
Holders may convert until November 12, 2026. Redemption date is November 16, 2026, after which no notes remain outstanding.
Analysis · WDC · Technology
Western Digital is calling all $109.5 million of its remaining 3.00% convertible notes due 2028 for redemption on November 16, 2026. The company expects most holders to convert before the deadline, which would settle the principal in cash and the conversion premium in shares. At the current conversion rate of 26.5231 shares per $1,000 principal, full conversion would add roughly 2.9 million shares — a modest dilution for a company of this size, but the move completes the cleanup of this convertible overhang that began with the $191 million exchange in August.
How filings like this one have moved
In the 30 days to Sep 17, 2026, 29.7% of the 1739 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.34%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, WDC was trading at $421.48 on NASDAQ in the Technology sector, with a market capitalization of approximately $161.2B. The 52-week trading range was $94.41 to $799.87. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.