The company said that in a press release dated June 12, 2025, it commenced exchange offers, known as Exchange Offers, for 10 series of its outstanding notes in exchange for newly issued notes (New Notes) in private offers.

1. 01

   The company said that in a press release dated June 12, 2025, it commenced exchange offers, known as Exchange Offers, for 10 series of its outstanding notes in exchange for newly issued notes (New Notes) in private offers.

2. 02

   The company set the maximum aggregate principal amount of New Notes to be issued in the exchange offers at $2.5 billion and said it will not complete the exchange offers if the amount of New Notes to be issued would be less than $750 million. It said it may waive or increase the cap to the extent permitted by law.

3. 03

   The company said the cash offers for investors who are not eligible for the exchange offers are conditioned on the Total Consideration, excluding accrued coupon payments, not exceeding $300 million. It said it has the right to increase or waive this amount but is not obligated to do so.

4. 04

   The company said the New Notes will mature on July 2, 2037 and will bear interest at the yield on the 4.250% U.S. Treasury security due May 15, 2035 plus 105 basis points. It said the exchange offers expire on June 18, 2025 at 5:00 p.m. (Eastern time) and that settlement is expected on June 25, 2025.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. 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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