POSCO announces pricing results of its Offer to Purchase for cash up to US$400,000,000 aggregate principal amount of its outstanding 5.750% Notes due 2028

POSCO announced the pricing results for its cash offer to purchase up to US$400,000,000 aggregate principal amount (maximum amount) of outstanding securities. The release is primarily a transaction/tender pricing update with limited disclosed fundamentals, suggesting limited near-term market impact.

Analysis

POSCO announced the pricing results for its cash offer to purchase up to US$400,000,000 aggregate principal amount (maximum amount) of outstanding securities. The release is primarily a transaction/tender pricing update with limited disclosed fundamentals, suggesting limited near-term market impact.