The company said it issued a press release announcing the launch of a private placement of $1,000,000,000 in principal amount of Convertible Senior Notes due March 9, 2026 2029.

1. 01

   The company said it issued a press release announcing the launch of a private placement of $1,000,000,000 in principal amount of Convertible Senior Notes due March 9, 2026 2029.

2. 02

   The company said it plans to grant each initial purchaser an option to buy up to an additional $150 million in principal amount of the notes, with settlement due within 13 days, including the date on which the notes are first issued.

3. 03

   The company said it intends to use the net proceeds to repay at maturity the 4.125% Convertible Senior Notes due April 15, 2026, with $1.725 billion in aggregate principal amount outstanding, including any cash due upon conversion, and for general corporate purposes.

4. 04

   The company said it will settle conversions by paying cash up to the principal amount of the notes being converted, and will pay or deliver cash, shares of common stock, or a combination of both, at its election, for any conversion obligation above that principal amount. It said the final observation period for the existing convertible notes begins on March 9, 2026.

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.

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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