POSCO Announces Final Results of Cash Tender Offer for $400M Aggregate Principal Amount of Its 5.750% Notes Due 2028
POSCO has announced the final results of its cash tender offer to repurchase up to US$400,000,000 in aggregate principal amount of its outstanding 5.750% notes due 2028. The tender period began on June 30, 2026 and expired at the end of July 29, with a withdrawal deadline set for July 14. A total of US$358,232,000 in principal amount was validly tendered during the early tender period and accepted by POSCO on July 20. An additional US$800,000 was tendered during the late period and will be fully accepted for purchase at a later date. The Tender Offer Consideration is set as Early Tender Offer Consideration minus an Early Tender Premium of $50 per $1,000 principal amount. Holders who submitted notes after the early deadline are not eligible to receive this premium.
Topics: debt management tender offers