On January 18, 2011, the company and its subsidiary Seagate HDD Cayman ("the Borrower") entered into a Credit Agreement which provides for a $350 million senior secured revolving credit facility. The revolving credit facility is currently undrawn and provides the company with flexibility to meet its business needs. Additional details regarding the Credit Agreement can be found in the Form 8-K filed.
Seagate held a conference call to review its first second quarter results, consisting of opening comments from CEO Steve Luczo, followed by a question-and-answer session with the executive management team.
