WD retires 2026, 2029 and 2032 notes and Term Loan A-3 with 5.8 million Sandisk shares

In February 2026 Western Digital used 5.8 million shares of Sandisk common stock it still held to fully redeem its 4.75% senior notes due 2026, 2.85% notes due 2029, 3.10% notes due 2032 and Term Loan A-3, through a tax-free exchange. The exchange was carried out on February 18, 2026, and the shares went to the creditors, who sold them in a registered offering. The company held no Sandisk shares as of July 3, 2026, so the stake was fully monetized into debt reduction.

• 5.8 million Sandisk shares exchanged on February 18, 2026
• Retired the 4.75% notes due 2026, 2.85% notes due 2029, 3.10% notes due 2032 and Term Loan A-3
• No Sandisk shares held as of July 3, 2026 (fiscal year end)