LG Electronics in $800 Million Offering

Cleary Gottlieb represented LG Electronics Inc. (LG Electronics) in its Rule 144A/Reg S offering of $500 million 5.625% senior unsecured notes due 2027 and $300 million 5.625% senior unsecured sustainability notes due 2029.

The offering represented LG Electronics’ first international debt offering in 12 years.

The 2029 notes were issued as sustainability bonds under LG Electronics’ sustainable finance framework. The notes were listed on the Singapore Exchange. The offering priced on April 18, 2024, and closed on April 24, 2024. BNP PARIBAS, Citigroup, HSBC, J.P. Morgan, Korea Development Bank, and Standard Chartered Bank were the joint lead managers for the offering.

LG Electronics is a global leading manufacturer of innovative and technologically advanced consumer electronics, home appliance, and information technology products for retail and commercial customers as well as high-technology components for industrial customers. Its common shares are listed on the Korea Stock Exchange.