The company said it commenced a private offering of $1.0 billion aggregate principal amount of Senior Notes due 2032, subject to market and other conditions, as of August 8, 2024.

1. 01

   The company said it commenced a private offering of $1.0 billion aggregate principal amount of Senior Notes due 2032, subject to market and other conditions, as of August 8, 2024.

2. 02

   The company said it expects to amend the credit agreement governing its existing senior secured credit facilities at substantially the same time as the closing of the Notes Offering, to establish senior secured term "A" loans of approximately $1.0 billion.

3. 03

   The company said it plans to use the net proceeds from the Notes Offering and borrowings under the Incremental Term Loan A Facility to repay all outstanding Term Loan B-B-1 facility borrowings maturing in 2026 and all outstanding revolving credit facility borrowings, together with related accrued and unpaid interest.

4. 04

   The company said it plans to use any proceeds remaining after repayments and fees for general corporate purposes, including share repurchases, working capital and capital expenditures. The notes are being offered only to qualified institutional buyers under Rule 144A and to certain non-U.S. persons under Regulation S, and they are not registered.

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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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