The company said it priced senior unsecured notes due 2030 and 2034 in an aggregate principal amount of 500.0 million euros each, on May 22, 2024.

8-KOther EventsFiled May 22, 2024Period of report May 22, 2024Summary published (UTC) Oct 26, 2026

Key points

AI summary

The company said it priced senior unsecured notes due 2030 and 2034 in an aggregate principal amount of 500.0 million euros each, on May 22, 2024.
The company said the notes due 2030 will carry an interest rate of 3.900% per annum and be issued at 99.622% of face value, and the notes due 2034 will carry an interest rate of 4.100% per annum and be issued at 99.306% of face value.
The company said it expects the net proceeds of the offering, after deducting underwriting discounts and estimated offering expenses, to be €988.4 million (approximately $1,074.2 million).
The company said it intends to use the net proceeds to repay existing borrowings under the euro-denominated portion of its $6.0 billion senior unsecured multicurrency revolving credit facility, including the repayment of existing indebtedness under its €825.0 million unsecured term loan.

Summary

AI-written

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

Senior Unsecured Notes Due 2030 and 2034 Priced

The company said it priced senior unsecured notes due 2030 and 2034 in an aggregate principal amount of 500.0 million euros each, on May 22, 2024.

Source · Based on the filing body and exhibits

Interest Rates and Offering Prices by Note

The company said the notes due 2030 will carry an interest rate of 3.900% per annum and be issued at 99.622% of face value, and the notes due 2034 will carry an interest rate of 4.100% per annum and be issued at 99.306% of face value.

Source · Based on the filing body and exhibits

Estimated Net Proceeds

The company said it expects the net proceeds of the offering, after deducting underwriting discounts and estimated offering expenses, to be €988.4 million (approximately $1,074.2 million).

Source · Based on the filing body and exhibits

Use of Net Proceeds

The company said it intends to use the net proceeds to repay existing borrowings under the euro-denominated portion of its $6.0 billion senior unsecured multicurrency revolving credit facility, including the repayment of existing indebtedness under its €825.0 million unsecured term loan.

Source · Based on the filing body and exhibits

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

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