POSCO Reports Early Tender Results for $400 Million Note Buyback

The company confirmed that valid tenders for the notes were submitted by the early deadline, effectively ending withdrawal rights for those participants. Investors who met the early cutoff are eligible for an additional premium of $50 per $1,000 in principal, alongside accrued interest payments. POSCO intends to cancel all notes successfully purchased through this offer once the process concludes.

For investors who missed the initial window, a late tender period remains open until July 29. However, these late participants will not qualify for the early tender premium. If the total volume of late tenders pushes the aggregate amount beyond the $400 million cap, the company will apply a pro-rata scaling process to determine final acceptance. The firm expects to settle the early transactions by July 20, with final settlements scheduled for July 31.