The company entered into a 364-Day Revolving Credit Agreement on December 11, 2024 with Citibank, N.A., as administrative agent. The 364-day senior unsecured revolving credit facility has aggregate commitments of $1.0 billion.

1. 01

   The company entered into a 364-Day Revolving Credit Agreement on December 11, 2024 with Citibank, N.A., as administrative agent. The 364-day senior unsecured revolving credit facility has aggregate commitments of $1.0 billion.

2. 02

   The company said the new facility replaces its existing 364-Day revolving credit agreement of $1.0 billion, dated as of December 13, 2023, which matured on December 11, 2024. The new facility matures on December 10, 2025.

3. 03

   The company said borrowings under the facility are available in U.S. Dollars and Euros. U.S. Dollar loans bear interest at an alternate base rate or adjusted Term SOFR, and Euro loans bear interest at EURIBOR, in each case plus an applicable margin. The margin is set by the company's senior unsecured long-term debt ratings.

4. 04

   The company said it may voluntarily prepay borrowings without premium or penalty and may reduce the commitments in whole or in part. The agreement includes customary covenants, including limits on liens, certain fundamental change transactions, and maximum permitted leverage ratio.

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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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