The company said it priced its private offering of $2.0 billion of 6.000% senior unsecured notes due 2033 on July 29, 2024. The notes are expected to be issued on or around August 12, 2024, subject to customary closing conditions.

1. 01

   The company said it priced its private offering of $2.0 billion of 6.000% senior unsecured notes due 2033 on July 29, 2024. The notes are expected to be issued on or around August 12, 2024, subject to customary closing conditions.

2. 02

   The company said it increased the aggregate principal amount of the notes to be issued from the previously announced $1.5 billion to $2.0 billion. The notes will mature on February 1, 2033.

3. 03

   The company said it intends to use the proceeds from the notes, together with borrowings under its revolving credit facilities, to redeem all of its outstanding 9.250% Senior Notes due 2029 and all of its outstanding 8.250% Senior Secured Notes due 2029. The latter comprise its remaining secured indebtedness. The redemption will also cover fees and expenses related to the redemption.

4. 04

   The company said the notes are being offered only to persons reasonably believed to be qualified institutional buyers under Rule 144A and to certain non-U.S. persons under Regulation S, and that the notes are not registered under the Securities Act. It also said this filing is not a notice of redemption for its notes due 2029.

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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