Western Digital Corporation (NASDAQ:WDC) Files An 8-K Other Events
Item 8.01.
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Other Events.
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issued $3.35 billion>aggregate principal amount of its 10.500%
senior unsecured notes due 2024>(the Senior Unsecured Notes)
in a transaction exempt from the registration requirements of the
Securities Act of 1933, as amended (the Securities Act). Western
Digital>plans to file a Registration Statement on Form S-4
relating to an offer to exchange the Senior Unsecured
Notes>for new $3.35 billion>aggregate principal amount of
10.500% senior notes due 2024 that will be registered under the
Securities Act (the Exchange Notes).
Western Digital>is filing this Current Report on Form 8-K for
the purpose of including certain condensed consolidating
financial information regarding the issuer, the guarantor
subsidiaries and the non-guarantor subsidiaries of the Senior
Unsecured Notes>and the Exchange Notes>required by Rule
3-10(f) of Regulation S-X, as well as the unaudited pro forma
condensed combined statement of income for the fiscal year ended
July 1, 2016 giving effect to Western Digitals acquisition of
SanDisk Corporation (SanDisk).
Western Digital>has updated (a) the audited consolidated
financial statements in Item 8, Financial Statements and
Supplementary Data, included in Western Digitals Annual Report on
Form 10-K for the fiscal year ended July 1, 2016, filed with the
Securities and Exchange Commission (the SEC) on August 29, 2016,
to include Note 20, Separate Financial Information of Guarantor
Subsidiaries (the Updated 2016 Financial Statements) and (b) the
unaudited condensed consolidated financial statements in Item 1
of Part I, Financial Information, included in Western Digitals
Quarterly Report on Form 10-Q for the quarter ended September 30,
2016, filed with the SEC on November 8, 2016, to include Note 16,
Separate Financial Information of Guarantor Subsidiaries (the
Updated 2016 Quarterly Financial Statements). This updated
information summarizes financial information for Western Digital,
Western Digitals guarantor subsidiaries on a combined basis and
Western Digitals non-guarantor subsidiaries on a combined basis.
Quarterly Financial Statements>are set forth as Exhibit 99.1
and Exhibit 99.2, respectively, to this Current Report on Form
8-K and will be incorporated by reference in the Registration
Statement on Form S-4. Information included in the Updated 2016
Financial Statements>and Updated 2016 Quarterly Financial
Statements>not affected by this Current Report on Form 8-K
remains unchanged and reflects the disclosures made at the time
of filing. Accordingly, this Current Report on Form 8-K should
only be read in conjunction with the other information that
Western Digital>has filed with the SEC since Western
Digital>originally filed its 2016 Annual Report on Form 10-K
on August 29, 2016>and its Quarterly Report on Form 10-Q for
the quarter ended September 30, 2016>on November 8, 2016.
Western Digital>for the fiscal year ended July 1,
2016>giving effect to the SanDisk>acquisition is set forth
as Exhibit 99.3 to this Current Report on Form 8-K and will be
incorporated by reference in the Registration Statement on Form
S-4.
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Item 9.01.
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Financial Statements and Exhibits.
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(b)
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Pro forma financial information
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condensed combined statement of income of Western Digital for the
fiscal year ended July 1, 2016 giving effect to the SanDisk
acquisition.
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(d)
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Exhibits
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accounting firm for Western Digital.>
in the Fiscal Year 2016 Form 10-K.>
2017 Form 10-Q.>
for Fiscal Year 2016 giving effect to the SanDisk
acquisition.>
Document.>
Document.>
About Western Digital Corporation (NASDAQ:WDC)
Western Digital Corporation (Western Digital) is a developer, manufacturer and provider of data storage devices and solutions that address the needs of the information technology (IT) industry and the infrastructure that enables the proliferation of data in virtually every industry. The Company’s portfolio of offerings addresses three categories: Datacenter Devices and Solutions (capacity and performance enterprise hard disk drives (HDDs), enterprise solid state drives (SSDs), datacenter software and system solutions); Client Devices (mobile, desktop, gaming and digital video hard drives, client SSDs, embedded products and wafers), and Client Solutions (removable products, hard drive content solutions and flash content solutions). The Company develops and manufactures a portion of the recording heads and magnetic media used in its hard drive products. Western Digital Corporation (NASDAQ:WDC) Recent Trading Information
Western Digital Corporation (NASDAQ:WDC) closed its last trading session up +0.16 at 70.35 with 2,245,412 shares trading hands.
