Company: PENG
Filing Date: 2025-06-30
Form Type: 8-K12B
Source: 0001193125-25-152807
Chunk: 4

Company: Penguin Solutions, Inc.
Filing Date: 2025-06-30
Form: 8-K12B
Chunk 4
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 pursuant to which Penguin Solutions Cayman issued $200,000,000 in aggregate principal amount ofits 2.00% Convertible Senior Notes due 2030 (the “ 2030 Notes,” and together with the 2026 Notes and the 2029 Notes, the “ Notes”). The (i) 2026 Indenture was filed as Exhibit 4.1 to Penguin Solutions Cayman’s Current Report on Form 8-Kfiled with the SEC on February 11, 2020 and (ii) First Supplemental Indenture in respect of the 2026 Notes was filed as Exhibit 4.1 to Penguin Solutions Cayman’s Current Report on Form 8-Kfiled with the SEC on August 29, 2022, and the description of the material terms of the 2026 Indenture, the First Supplemental Indenture, and the 2026 Notes included in such Current Reports on Form 8-Kis incorporated herein by reference. The 2029 Indenture was filed as Exhibit 4.1 to Penguin Solutions Cayman’s Current Report on Form 8-Kfiled with the SEC on January 23, 2023 and the description of the material terms of the 2029 Indenture and 2029 Notes included in such Current Report on Form 8-Kis incorporated herein by reference. The 2030 Indenture was filed as Exhibit 4.1 to Penguin Solutions Cayman’s Current Report on Form 8-Kfiled with the SEC on August 6, 2024 and the description of the material terms of the 2030 Indenture and the 2030 Notes included in such Current Report on Form 8-Kis incorporated herein by reference. The Redomiciliation Transaction constitutes an “Ordinary Share Change Event” (as defined in each Indenture) pursuant to the terms of the Indentures. In connection with the Redomiciliation Transaction and the associated “Ordinary Share Change Event” under each Indenture, the Supplemental Indentures entered into as described in the foregoing paragraph provide that (i) the Notes will, in each case, be fully and unconditionally guaranteed by Penguin Solutions Delaware and (ii) Penguin Solutions Cayman will satisfy its conversion obligations under the Notes by paying or delivering, as applicable and in accordance with the terms of the Indentures, either (x) solely cash or (y) a combination of cash and common stock of Penguin Solutions Delaware, together, if