By Josh Beckerman
Western Digital shares were higher Friday after the company said it will redeem $1.8 billion of its 4.75% senior notes due 2026.
The stock was up 6.2% to $44.62 and is down about 1% this year.
The maker of hard drives said Thursday that upon completion of the redemption next month, $500 million of the notes will remain outstanding.
In February, Western Digital completed the separation of flash-memory business SanDisk.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
March 14, 2025 13:52 ET (17:52 GMT)
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