The company said it completed the public offering and issuance of $750,000,000 aggregate principal amount of its 5.250% Senior Notes due 2031 on May 13, 2024.

1. 01

   The company said it completed the public offering and issuance of $750,000,000 aggregate principal amount of its 5.250% Senior Notes due 2031 on May 13, 2024.

2. 02

   The company said it received approximately $744.6 million in net proceeds from the sale of the Notes, after underwriting discounts and commissions and before offering expenses.

3. 03

   The company said it plans to use part of the net proceeds to repay $500 million of the $1.25 billion in outstanding principal amount of its 3.65% Senior Notes due 2025 at maturity on May 2025. It said it plans to use the remainder to repay approximately $240 million of outstanding borrowings under its term loan credit agreement.

4. 04

   The company sold the Notes under an Underwriting Agreement dated May 6, 2024, with BofA Securities, Goldman Sachs, J.P. Morgan Securities and Wells Fargo Securities as representatives of the underwriters. The Notes were issued under an Indenture dated August 13, 2018 and a Fifth Supplemental Indenture dated May 13, 2024.

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.