Junk Bond Proceeds
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(Dow Jones and Bloomberg News)
IRVINE — Hard-disk maker Western Digital Corp. raised $400 million by selling junk-rated bonds, joining a group of companies selling low-rated or unrated bonds to take advantage of low interest rates.
The company said the size of the private offering was raised from $275 million because of demand for the bonds. It will use the proceeds for general corporate purposes.
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