Cleary Gottlieb represented Western Digital Corporation (Western Digital), as borrower, in the establishment of a 364-day delayed draw term loan facility.
The new facility provides a delayed draw term loan of $875 million. JPMorgan Chase Bank N.A. served as administrative agent. The transaction closed on January 25, 2023.
Western Digital is a leading developer, manufacturer, and provider of data storage devices and solutions that address the evolving needs of information technology and the infrastructure that enables the proliferation of data in virtually every industry.