With the merger now complete, what will happen to the Maxtor 2.375% and the 6.8% convertible senior notes?
The Maxtor senior convertible notes, both the 2.375% due 2012 and the 6.8% due 2010, will remain outstanding and convertible at the option of the note holders subject to their terms and conditions. For the 2.375% due 2012, the notes will be convertible into approximately 56.65029 shares of Seagate for each $1,000 of principle amount of these notes. For the 6.8% due 2010, the notes will be convertible into approximately 30.17329 shares of Seagate for each $1,000 of principle amount of these notes.
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