Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
SK Square’s major subsidiary, SK Hynix, has decided to provide a debt guarantee of approximately KRW 1.48T for its local entity to fulfill obligations under grant and loan agreements with the U.S. Department of Commerce.
📊 [Key Disclosure Details & Financial Summary]
- Debt Guarantee Details
- Debtor: SK hynix Semiconductor West Lafayette LLC (Affiliate)
- Creditor: U.S. Department of Commerce
- Debt (Borrowing) Amount: KRW 1.48T (1,475,077,200,000 / USD 1,028,000,000)
- Debt Guarantee Amount: KRW 1.48T (1,475,077,200,000)
- Ratio to Equity: 2.8% (Equity: KRW 53.50T based on end-2023 consolidated financial statements)
- Debt Guarantee Period: 2024-12-31 ~ 2045-12-31 (Start date based on expected execution date)
- Board Resolution Date: 2024-12-19 (Actual board resolution date: 2024-12-17, 6 Outside Directors attended)
- Funding Details & Guarantee Terms
- Guarantee Purpose: Guaranteeing performance obligations under the Direct Funding Agreement (DFA) and Loan Guarantee Agreement (LGA) with the U.S. Department of Commerce for building a new advanced packaging facility in Indiana, U.S.
- Calculation Basis: DFA performance guarantee limit of USD 458M + LGA repayment guarantee limit of USD 570M (Applied exchange rate: KRW 1,434.90/USD)
- Guarantee Terms: Guaranteeing DFA performance and loan repayment obligations of the local entity (SK hynix Semiconductor West Lafayette LLC)
- Outstanding Debt Guarantee Status
- Total Outstanding Debt Guarantee Balance: KRW 1.72T (1,715,178,280,000)
- Outstanding Balances by Key Debtors:
- SK hynix NAND Product Solutions Corp.: KRW 101.88B (101,877,900,000 / USD 71M)
- Hystars Semiconductor (Wuxi) Co., Ltd.: KRW 138.22B (138,223,180,000 / RMB 701M)
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Execution of Guarantee Agreement and Start Date Correction
This filing details the decision by SK Square’s major subsidiary, SK Hynix, to guarantee the performance obligations of its local subsidiary in connection with agreements with the U.S. Department of Commerce. Confirming whether the guarantee agreement is finalized as expected and whether an amended filing is submitted to confirm the start date is important for determining the exact timing of the guarantee’s legal effect. Details can be verified through subsequent amended disclosures or the subsidiary’s annual, half-yearly, and quarterly reports.
📢 Disclaimer & Source Notice
Source: This content was structured and regenerated based on official data filed with the Financial Supervisory Service’s DART system.
Investment Risk Warning: This content is provided for informational and language reference purposes only. Under no circumstances does it constitute financial advice or a recommendation to buy or sell any specific stock. All investment decisions and financial responsibilities rest entirely with the investor.
Contact Info: For compliance inquiries or copyright requests, please contact ksb220805@gmail.com.
