The company delivered a notice to ExactLogix and the Equityholders' Representative terminating the Merger Agreement because the Merger was not consummated on or before December 26, 2025. The company had extended the termination date from November 21 to December 26.

1. 01

   The company delivered a notice to ExactLogix and the Equityholders' Representative terminating the Merger Agreement because the Merger was not consummated on or before December 26, 2025. The company had extended the termination date from November 21 to December 26.

2. 02

   The company said in its press release that the Federal Trade Commission notified it that it had not completed its review of the transaction by the December 26 termination date set forth in the agreement, and that it terminated the agreement accordingly. The company said ExactLogix believes the termination is invalid, but the company disagrees with this assertion and intends to vigorously defend against any such assertions.

3. 03

   The company notified the trustee on December 29 that it will redeem $750,000,000 in aggregate principal amount of its 4.500% Senior Notes due 2030 and $750,000,000 in aggregate principal amount of its 5.125% Senior Notes due 2036 in full at the special mandatory redemption price, equal to 101% of the principal amount plus accrued and unpaid interest to the redemption date. The company expects the special mandatory redemption date to be January 6, 2026.

4. 04

   The company said the 3-year Term Facility, a senior unsecured delayed draw term loan facility of $750,000,000 that it entered into on August 15, 2025, automatically terminated on December 26, 2025. Pro forma for the redemption of the notes, the company's leverage as of September 30, 2025 would have been 1.9 times LTM adjusted EBITDA.

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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