The company said it issued $950 million in aggregate principal amount of 6.250% Senior Notes due 2033 on February 28, 2025, raising gross proceeds of about $950 million. The offering was exempt from registration under the Securities Act in 1933.

1. 01

   The company said it issued $950 million in aggregate principal amount of 6.250% Senior Notes due 2033 on February 28, 2025, raising gross proceeds of about $950 million. The offering was exempt from registration under the Securities Act in 1933.

2. 02

   The company said it used the net proceeds from the new Notes, together with cash on hand, to redeem all of its outstanding 5.00% Senior Notes due 2025 and pay accrued and unpaid interest. The 2025 Notes were issued on February 9, 2017 in aggregate principal amount of $1.1 billion.

3. 03

   The company said the Notes bear interest at 6.250% per year, payable semi-annually in arrears on April 1 and October 1 of each year, with the first interest payment on October 1, 2025. The Notes mature on April 1, 2033.

4. 04

   The company said it may redeem some or all of the Notes before April 1, 2028 at a make-whole price, and may redeem up to 40% of the principal amount at a redemption price of 106.250% using net cash proceeds from certain equity offerings. If an Event of Default is continuing, the Trustee or holders of at least 25% of the outstanding principal amount may declare all outstanding Notes immediately due and payable.

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

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