The company said it completed the public offerings and sale of aggregate principal amounts of $600,000,000 of its 5.400% Senior Notes due 2029 and $900,000,000 of its 5.700% Senior Notes due 2034 on March 8, 2024.

1. 01

   The company said it completed the public offerings and sale of aggregate principal amounts of $600,000,000 of its 5.400% Senior Notes due 2029 and $900,000,000 of its 5.700% Senior Notes due 2034 on March 8, 2024.

2. 02

   The company said the 2029 Notes and 2034 Notes will mature on March 15, 2029 and March 15, 2034, respectively, and will bear interest at fixed rates of 5.400% and 5.700% per year. Interest is payable semiannually in arrears on March 15 and September 15 of each year, with the first payment due on September 15, 2024.

3. 03

   The company said the Notes are general senior unsecured obligations that rank equally in right of payment with its other senior unsecured indebtedness. The Indenture includes covenants restricting secured debt, sale and lease-back transactions, and consolidations, mergers or transfers of substantially all assets.

4. 04

   The company said that if certain events of default occur and continue under the Indenture, the trustee or holders of not less than 25% in aggregate principal amount of the outstanding Notes may declare the unpaid principal and accrued interest immediately due and payable. In the case of bankruptcy, insolvency or similar events, the Notes automatically become immediately due and payable.

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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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