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These excerpts taken from the WDC 10-K filed Aug 20, 2008. Debt
Assumed
In connection with the Acquisition, the Company assumed
$250 million face value of additional debt in the form of
Convertible Subordinated Notes (the “Notes”) issued by
Komag on March 28, 2007. In accordance with the terms of
the Notes, the Acquisition constituted a “Fundamental
Change” that allowed the holders of the Notes to obligate
the Company, for a limited period of time, to purchase the Notes
for an amount equal to 100% of the principal amount of the
Notes, plus accrued and unpaid interest through the purchase
date. The holders of the Notes tendered their Notes to the
Company and on December 5, 2007, the Company paid
$250 million plus accrued and unpaid interest to purchase
the Notes.
Debt Assumed In connection with the Acquisition, the Company assumed $250 million face value of additional debt in the form of Convertible Subordinated Notes (the “Notes”) issued by Komag on March 28, 2007. In accordance with the terms of the Notes, the Acquisition constituted a “Fundamental Change” that allowed the holders of the Notes to obligate the Company, for a limited period of time, to purchase the Notes for an amount equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest through the purchase date. The holders of the Notes tendered their Notes to the Company and on December 5, 2007, the Company paid $250 million plus accrued and unpaid interest to purchase the Notes. | EXCERPTS ON THIS PAGE:
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