The company issued $550,000,000 in aggregate principal amount of senior notes due April 3, 2024 April 1, 2034 and $550,000,000 in aggregate principal amount of senior notes due April 1, 2054.

1. 01

   The company issued $550,000,000 in aggregate principal amount of senior notes due April 3, 2024 April 1, 2034 and $550,000,000 in aggregate principal amount of senior notes due April 1, 2054.

2. 02

   The company said the 2034 Notes bear interest at 5.050% per year and the 2054 Notes bear interest at 5.300% per year, with interest payable semi-annually in arrears on April 1 and October 1 of each year, beginning on October 1, 2024.

3. 03

   The company said it may redeem the notes before the Par Call Date (January 1, 2034 for the 2034 Notes and October 1, 2053 for the 2054 Notes) at the greater of a make-whole price, calculated by discounting remaining payments at the Treasury Rate plus 15 basis points to the redemption date, and 100% of principal, plus accrued interest. On or after the Par Call Date, it may redeem the notes at 100% of principal plus accrued and unpaid interest.

4. 04

   The company said the notes are unsecured senior obligations that are not guaranteed by any of its subsidiaries and rank equally with its other existing and future unsecured senior debt. It said the notes were sold in an underwritten public offering under an underwriting agreement with BofA Securities, Inc. as representative of the underwriters.

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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