The company issued $600,000,000 of 4.750% Senior Notes due 2027 and $650,000,000 of 5.250% Senior Notes due 2034 on August 9, 2024.

1. 01

   The company issued $600,000,000 of 4.750% Senior Notes due 2027 and $650,000,000 of 5.250% Senior Notes due 2034 on August 9, 2024.

2. 02

   The company said the 2027 Notes bear interest at 4.750% per year and the 2034 Notes at 5.250% per year. Interest is payable semi-annually in arrears on February 9 and August 9, beginning February 9, 2025. The notes mature on August 9, 2027 and August 9, 2034, respectively.

3. 03

   The company said the Notes are senior unsecured obligations and are not guaranteed by its subsidiaries. Before July 9, 2027 (2027 Notes) and May 9, 2034 (2034 Notes), the company may redeem them at its option at a price based on the present value of remaining payments, discounted at the Treasury Rate plus 15 basis points and 25 basis points respectively, less accrued interest.

4. 04

   The company said that upon a Change of Control Triggering Event, unless it has elected to redeem the Notes in full, each holder may require the company to purchase its Notes at 101% of principal plus accrued and unpaid interest. The Indenture contains covenants that restrict liens, sale and leaseback transactions, and the sale of all or substantially all assets or mergers.

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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