Fact Source: Financial Supervisory Service DART / 2025-01-15
Disclosure Type: Amendment to Debt Guarantee Decision for Others
💡 Summary in 3 Seconds
Hanwha Systems has finalized the guarantee period (January 15, 2025 to January 15, 2026) for a KRW 55.79B debt guarantee provided to its affiliated company, Philly Shipyard Inc. (PSI).
📊 1. [Key Disclosure Details & Financial Highlights]
- Original Filing Date: November 29, 2024
- Amendment Date: January 15, 2025
- Reason for Amendment: Finalization of debt guarantee period
- Revision Details:
- Guarantee Start Date: (Pre-correction) TBD → (Post-correction) January 15, 2025
- Guarantee End Date: (Pre-correction) TBD → (Post-correction) January 15, 2026 (12 months)
- Debtor: Philly Shipyard Inc. (Relationship: Affiliate)
- Creditor: Woori America Bank
- Guarantee Amount: KRW 55,788,000,000 (approx. KRW 55.79B / USD 40,000,000 at FX rate 1,394.70 KRW/USD)
- Relative Size to Equity: 2.59% (Based on year-end 2023 consolidated total equity of approx. KRW 2.15T)
- Total Debt Guarantee Balance: KRW 55,788,000,000 (including this transaction)
- Purpose of Borrowing: Local working capital financing for Philly Shipyard Inc.
📈 2. [Professional Insight: What This Means for Investors]
This filing details a regulatory amendment finalizing the execution dates of a debt guarantee provided by Hanwha Systems for working capital borrowings of its affiliate, Philly Shipyard Inc. (PSI).
While the original disclosure (November 29, 2024) indicated a 12-month tenure from the initial agreement date, this amendment formally sets the guarantee period from January 15, 2025 to January 15, 2026. The guarantee amount remains USD 40M (approx. KRW 55.79B), representing 2.59% of Hanwha Systems’ total equity.
📝 Editor’s Comment (by K-STOCK Editor)
The objective facts established in this disclosure are the formalization of the guarantee period starting January 15, 2025, and ending January 15, 2026, for the KRW 55.79B financing facility provided to Philly Shipyard Inc.
Moving forward, the primary objective checkpoints for investors are tracking the debt facility execution through the scheduled guarantee end date of January 15, 2026, and observing any subsequent regulatory disclosures. As foreign exchange rate fluctuations may impact the KRW-denominated value of the USD-denominated guarantee, monitoring FX adjustments remains essential.
📢 Disclaimer & Source Notice
Source: This content was newly structured and written based on official data submitted to the Financial Supervisory Service’s Data Analysis, Retrieval and Transfer System (DART).
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