The company entered into a 5-year senior unsecured revolving credit facility of $1.25 billion with a syndicate of banks on August 27, 2025, with JPMorgan Chase Bank, N.A. serving as administrative agent.

1. 01

   The company entered into a 5-year senior unsecured revolving credit facility of $1.25 billion with a syndicate of banks on August 27, 2025, with JPMorgan Chase Bank, N.A. serving as administrative agent.

2. 02

   The company said the new facility replaced its existing revolving credit facility and that it terminated the Prior Credit Agreement, dated as of December 21, 2022, on August 27, 2025. The Prior Credit Agreement was scheduled to expire in December 2027.

3. 03

   The company said it has the right to increase the commitments under the facility to up to $1.75 billion, subject to certain conditions. Loans bear interest at the company's option at either a base rate or a term SOFR rate, in each case plus an applicable margin. The applicable margin and facility fee are based on the public ratings of the company's senior unsecured non-credit enhanced long-term debt.

4. 04

   The company said the facility includes a financial covenant requiring it not to exceed a maximum total leverage ratio. It said it may voluntarily prepay loans or reduce the commitments, in whole or in part, without penalty or premium, subject to certain minimum amounts and increments and the payment of customary breakage costs. There is no mandatory prepayment requirement.

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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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