The company completed its underwritten public offering of 5.900% senior notes due 2027 in the amount of $750 million, 6.000% senior notes due 2029 in the amount of $500 million and 6.200% senior notes due 2034 in the amount of $500 million on May 16, 2024.

1. 01

   The company completed its underwritten public offering of 5.900% senior notes due 2027 in the amount of $750 million, 6.000% senior notes due 2029 in the amount of $500 million and 6.200% senior notes due 2034 in the amount of $500 million on May 16, 2024.

2. 02

   The company said it intends to use the net proceeds from the offering and cash on hand to redeem in full the $1.75 billion outstanding principal amount of its 3.200% senior notes due August 8, 2024.

3. 03

   The company set the maturity of its 2027 notes at June 1, 2027, and its 2029 and 2034 notes at 2029 and August 15, 2034, respectively. Interest is payable semi-annually in arrears, 2 times a year; interest on the 2027 notes is payable from December 1, 2024, and interest on the other notes from February 15, 2025.

4. 04

   The company may redeem each series before its Par Call Date at the greater of the present value of the remaining scheduled principal and interest payments and 100% of the principal amount, and on or after the Par Call Date at 100% of the principal amount. Upon certain change of control triggering events, the company must offer to repurchase the notes at 101% of the principal amount.

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

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