The early tender results, finalized on July 14, fell just short of the $400 million maximum acceptance threshold. Because the validly tendered amount remains below the cap, POSCO will bypass proration, ensuring every investor who met the early deadline receives the full consideration of $1,018.47 per $1,000 in principal. This figure includes a $50 early tender premium.

Investors who missed the initial window have until July 29 to participate in the remaining offer, which covers the $41.7 million balance of the buyback program. Those choosing to tender during this late period will receive a reduced consideration of $968.47 per $1,000 principal, as the early incentive premium no longer applies. POSCO intends to cancel all notes acquired through this process. The company has scheduled the early settlement for July 20, with final payouts for late participants expected by July 31.