The company said it plans to issue convertible senior notes due 2028 with a principal amount of $700,000,000 on June 5, 2025 in a private offering to qualified institutional buyers under Rule 144A.

1. 01

   The company said it plans to issue convertible senior notes due 2028 with a principal amount of $700,000,000 on June 5, 2025 in a private offering to qualified institutional buyers under Rule 144A.

2. 02

   It said it expects to grant the initial purchasers an option to buy up to an additional $105,000,000 in principal amount of the notes within 13 days from and including the date the notes are first issued.

3. 03

   The company said the notes mature on June 1, 2028. Holders may convert only upon certain events and during certain periods before March 1, 2028. From that date until the close of business on the 2nd scheduled trading day before maturity, holders may convert at any time.

4. 04

   The company said that upon conversion, it will pay cash up to the principal amount being converted. For any excess, it will pay or deliver cash, common shares, or a combination of both, at its election. It intends to use the net proceeds for general corporate purposes, including repaying short-term debt.

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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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