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Early tender results are in on POSCO's $400 million offer for its 5.750% 2028 notes

7/15/2026

Up to US$400 million of POSCO's 5.750% Notes due 2028 are on the table in a cash tender offer, and the company has now disclosed where early participation stands.

The read-through is limited: early tender results reflect holders who moved first, and the final tally waits on the offer's closing deadline.

What the offer is structured to do POSCO's tender targets its outstanding 5.750% Notes due 2028, with the offer capped at US$400 million in aggregate principal amount.

Tender offers of this type typically split into two phases: an early deadline that rewards prompt holders with better consideration, and a final deadline that sets the overall outcome.