The company said it priced its upsized private offering of $1.25 billion aggregate principal amount of 6.25% senior unsecured notes due 2032 on February 22, 2024. The notes are expected to be issued on or around March 7, 2024, subject to customary closing conditions.

1. 01

   The company said it priced its upsized private offering of $1.25 billion aggregate principal amount of 6.25% senior unsecured notes due 2032 on February 22, 2024. The notes are expected to be issued on or around March 7, 2024, subject to customary closing conditions.

2. 02

   The company said it intends to use the proceeds from the notes, together with cash on hand and/or borrowings under its revolving credit facilities, to redeem all of its outstanding 11.625% Senior Notes due 2027, including to pay fees and expenses related to the redemption.

3. 03

   The company said the 6.25% notes will mature on March 15, 2032, and issuance is expected on or around March 7, 2024. The aggregate principal amount was increased to $1.25 billion.

4. 04

   The company said the notes are being offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A, and outside the United States, only to certain non-U.S. investors under Regulation S. The notes will not be registered under the Securities Act, and the company stated that the filing does not constitute a notice of redemption for the 2027 notes.

Analysis scope · Filing body and confirmed press-release exhibitWe 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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