Fact Source: Financial Supervisory Service DART
Market: KOSPI (000660)
💡 3-Second Summary
SK Hynix has decided to provide a debt guarantee of approximately KRW 1.475T (USD 1.028B) to support its U.S. subsidiary’s performance and repayment obligations under grant and loan agreements with the U.S. Department of Commerce.
📊 Key Disclosure Contents & Financial Figures
- Debtor: SK hynix Semiconductor West Lafayette LLC (Subsidiary of SK hynix America Inc. / Affiliated Company)
- Creditor: U.S. Department of Commerce
- Debt Guarantee Amount: KRW 1,475,077,200,000 (USD 1,028,000,000)
- DFA (Direct Funding Agreement) Performance Guarantee Principal Limit: USD 458,000,000
- LGA (Loan Guarantee Agreement) Repayment Guarantee Principal Limit: USD 570,000,000
- Applied FX Rate: 1,434.90 KRW/USD (Hana Bank initial baseline rate on the board resolution date, Dec 17, 2024)
- Guarantee Ratio to Equity: 2.8% (Based on FY2023 consolidated equity of KRW 53,503,752,397,611)
- Guarantee Period: December 31, 2024 (Expected execution date; correction disclosure to be filed upon confirmation) – December 31, 2045
- Total Outstanding Debt Guarantees: KRW 1,715,178,280,000 (Including this decision)
- Board Resolution Date: December 19, 2024 (Based on official U.S. Dept. of Commerce announcement / Board resolution held on Dec 17, 2024, all 6 outside directors present)
- Purpose of Guarantee: Guaranteeing performance and repayment obligations of the subsidiary under the DFA and LGA with the U.S. Department of Commerce for the construction of a new advanced packaging plant in Indiana, U.S.
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Debt Guarantee Contract Confirmation and Balance Changes
This disclosure details the debt guarantee conditions and planned agreement for the U.S. subsidiary’s grant and loan contracts with the U.S. Department of Commerce regarding the Indiana packaging plant construction. As December 31, 2024, is listed as the expected execution date for the guarantee period, checking whether the contract is formally finalized and whether a subsequent corrective disclosure is filed is important for confirming when the guarantee officially takes effect. Relevant details can be verified in subsequent corrective disclosures, follow-up filings, and periodic reports (Quarterly, Half-Yearly, and Annual Reports).
📢 Disclaimer & Source Information
Source: This content was structured and newly generated based on official filing data from the Financial Supervisory Service (DART).
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