On January 9, 2014, Western Digital Corporation, Western Digital Technologies, Inc., a wholly owned subsidiary of the Company (WDT), and Western Digital Ireland, Ltd., an indirect wholly owned subsidiary of the Company (WDI), entered into a Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto. The Credit Facility provides for $4.0 billion of unsecured loan facilities consisting of a $2.5 billion term loan facility to WDT and a $1.5 billion revolving credit facility to WDT and WDI (WDT and WDI are hereinafter referred to as the Borrowers). The revolving credit facility includes a $100 million sublimit for letters of credit and a $50 million sublimit for swing line loans.

Subject to certain conditions, a Borrower may elect to expand the credit facilities by, or obtain incremental term loans of, up to $1.0 billion if existing or new lenders provide additional term or revolving commitments. The loans under the Credit Facility have a five year term. Beginning in March 2014, WDT is required under the term loan facility to make regularly scheduled payments of principal in quarterly amortized installments.

The obligations of the Borrowers under the Credit Facility are guarantied by the Company and the Company's material domestic subsidiaries, and the obligations of WDI under the Credit Facility are also guarantied by WDT.