Western Digital (WDC) Stock Drops 3% as It Moves to Clear $109.5M in Convertible Notes

TLDR

• Western Digital will redeem all $109.5 million of its 3.00% Convertible Senior Notes due 2028 on November 16, 2026.
• The notes will be redeemed at 100% of principal plus any accrued interest up to the redemption date.
• Noteholders have until November 12, 2026 to convert at a rate of 26.5231 shares per $1,000 principal.
• The company will pay cash up to the principal amount on conversions, with any excess settled in common stock.
• WDC stock was down 2.98% on the day of the announcement, trading at $447.18.

Western Digital (WDC) announced on September 14, 2026 that it will redeem all $109.5 million of its outstanding 3.00% Convertible Senior Notes due 2028. The redemption is scheduled for November 16, 2026.

Western Digital Corporation, WDC

WDC stock was trading at $447.18 at the time of the announcement, down 2.98% on the day.

The notes will be redeemed at a price equal to 100% of the principal amount. That price also includes any accrued and unpaid interest up to, but not including, the redemption date.

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