THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, OR TO ANY PERSON LOCATED AND/OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.
THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014 (AS AMENDED)
SEOUL, South Korea, June 30, 2026 /PRNewswire/ -- POSCO, a corporation organized under the laws of the Republic of Korea (the "Offeror"), today announced that it has commenced an offer to purchase for cash up to US$400,000,000 aggregate principal amount (or such lesser or greater amount as the Offeror may determine in its sole and absolute discretion) (the "Maximum Acceptance Amount") of its outstanding 5.750% Notes due 2028 (the "Notes") issued by the Offeror, from the Noteholders (the "Offer"). The Offer is being made pursuant to an Offer to Purchase dated June 30, 2026 (the "Offer to Purchase"), which is available on the offer to purchase website at https://clients.dfkingltd.com/posco. Capitalized terms used but not defined herein have the meanings assigned to them in the Offer to Purchase.
Certain information regarding the Notes and the Offer is set forth in the table below.
Description of | CUSIP/ ISIN | Principal | Reference | Bloomberg | Fixed Spread | Early Tender | |||||||
5.750% Notes | CUSIP: 73730EAD5 (Reg S)
(Reg S) | US$1,000,000,000 | 4.125% US | FIT 1 | 30 | US$50 |
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(1) | The Early Tender Offer Consideration (as defined in the Offer to Purchase) for the Notes validly tendered (and not validly withdrawn) prior to or at the Early Tender Deadline (as defined below) and accepted for purchase will be determined in the manner described in the Offer to Purchase by reference to the Fixed Spread specified in the table above (the "Fixed Spread"). The Early Tender Offer Consideration, when calculated in such manner, already includes the Early Tender Premium. The Tender Offer Consideration equals the Early Tender Offer Consideration minus the Early Tender Premium. All Noteholders whose Notes are accepted for purchase will also receive the Accrued Interest Payment (as defined in the Offer to Purchase) on such Notes. |
(2) | Per US$1,000 principal amount. |
Indicative Timetable
The following is an indicative timetable showing one possible outcome for the timing of the Offer. This timetable is subject to change and dates and times are subject to the right of the Offeror to extend, re-open, amend and/or terminate the Offer subject to, and in accordance with, the terms of the Offer as described in the Offer to Purchase. Accordingly, the actual timetable may differ significantly from the timetable below.