https://finance.yahoo.com/news/seagate-announces-offering-exchangeable-senior-223900761.html
The Company intends to use the net proceeds from the offering of the Notes to repay existing indebtedness, including portions of the Company’s outstanding term loans and/or senior notes, and for general corporate purposes, which may include repayment of other outstanding indebtedness, capital expenditures and other investments in the business.