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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.
SNDK 195.96-20.3%Nov 20 3:59 PM EST
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To: SiliconAlley who wrote (3751)5/15/2018 1:05:02 PM
From: Unwelcomeguest2 Recommendations

Recommended By
Bruno Cipolla
franklin1

  Read Replies (1) of 4828
 
"In case no one noticed, the company just took on an additional $2.455B in debt."

No, they did not. You are wrong again. Emphasis added.

From the PR;
Western Digital Corp. (NASDAQ: WDC) ("Western Digital" or the "company") today announced that it has successfully priced $2.455 billion of new U.S. dollar-denominated term B-4 loans at an interest rate of LIBOR + 1.75%, which priced 25 basis points lower than its previous term B-3 loans issued in November 2017. This new financing marks the company's fourth successful repricing of U.S. dollar-denominated term B loans since issuing its original term B loans in connection with its acquisition of SanDisk Corporation in May 2016. In connection with this transaction, Western Digital settled the previous U.S. dollar-denominated term B-3 loans with the proceeds of this new loan. The new financing is expected to generate annual cash interest savings of approximately $6 million beginning on May 15, 2018. The new term loans have the same remaining tenor as the previous U.S. dollar-denominated term B loans and mature on April 29, 2023.

I am sorry you do not understand the principal of WACC and hope you enjoy laughing at yourself.

UWG
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