Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
This filing discloses that Hanwha Ocean has decided to provide a debt guarantee worth approximately KRW 139.7B for a new loan (approx. KRW 127.0B) for its U.S. affiliate, Hanwha Philly Shipyard Inc.
📊 Key Filing Details & Key Figures Summary
1. Key Terms of Debt Guarantee
- Debtor: Hanwha Philly Shipyard Inc. (Relationship: Affiliate)
- Creditor: BBVA, Singapore Branch
- Debt (Borrowing) Amount: KRW 127,044,000,000 (USD 90,000,000.00)
- Guarantee Amount: KRW 139,748,400,000 (USD 99,000,000.00, 110% of the loan amount)
- Total Equity: KRW 4,863,349,890,725 (Based on consolidated financial statements as of year-end 2024)
- Guarantee Ratio to Equity: 2.9%
- Guarantee Period: 12 months from the loan agreement date (Start and end dates pending; to be re-disclosed once confirmed)
- Total Debt Guarantee Balance: KRW 659,732,841,150 (Excludes this new guarantee amount)
- Board Resolution Date: September 29, 2025 (4 Outside Directors present, 1 absent)
2. Other Key Reference Information
- Applicable Foreign Exchange Rate: KRW/USD = 1,411.60 (Seoul Money Brokerage base rate as of September 29, 2025)
- KRW-denominated amounts are subject to fluctuation depending on foreign exchange movements
- Debtor Financial Summary (Hanwha Philly Shipyard Inc. for 2024): Total Assets KRW 296.80B / Total Liabilities KRW 498.24B / Total Equity KRW -201.44B / Revenue KRW 496.70B / Net Loss KRW 192.30B
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Submission of Subsequent Disclosure Confirming the Guarantee Period
This filing details a debt guarantee decision for affiliate Hanwha Philly Shipyard Inc., where the guarantee period is set for 12 months from the loan agreement date, with specific start and end dates yet to be determined. Tracking whether a corrected filing is submitted once the loan agreement is executed and the exact guarantee timeline is finalized is important for determining when the guarantee officially takes effect. Relevant updates can be verified in upcoming corrected disclosures or regular reports (Quarterly, Half-Year, or Annual Reports).
📢 Disclaimer & Source Information
Source: This content was structured and newly written based on officially submitted data from the Financial Supervisory Service’s Data Analysis, Retrieval and Transfer System (DART).
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