Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Systems has resolved to conditionally share up to USD 90M (approx. KRW 130.6B) of indemnity obligations in proportion to its indirect stake, in the event that affiliate Hanwha Futureproof Corp. defaults on its debt financing guaranteed by Hanwha Aerospace.
📊 [Key Disclosure Contents & Summary of Key Figures]
- Agenda Title
- Sharing of Guarantee Obligations
- Transaction and Guarantee Sharing Structure
- Borrower: Hanwha Futureproof Corp. (Overseas Affiliate, HFP)
- Primary Guarantor: Hanwha Aerospace Co., Ltd.
- Lenders: Hana Bank New York Branch, Shinhan Bank New York Branch, Woori Bank London Branch, KB Kookmin Bank London Branch
- Total Guarantee Amount by Hanwha Aerospace: USD 480,000,000
- Guarantee Amount Shared by Hanwha Systems: USD 90,000,000 (Approx. KRW 130,563,000,000)
- Mechanism: In the event of default by HFP resulting in Hanwha Aerospace fulfilling indemnity obligations to lenders, Hanwha Systems incurs an obligation to pay its proportional guarantee share to Hanwha Aerospace based on its indirect stake in HFP.
- Scale and Duration of Guarantee Commitment
- Ratio to Total Equity: 5.40% (Based on Hanwha Systems consolidated total equity of KRW 2,416,416,895,456 at the end of FY2024)
- Duration: Until expiry of the guarantee obligation (1 year from the loan drawdown date)
- Board Resolution and FX Rate
- Board Resolution Date: February 20, 2026 (Attendance: 3 Outside Directors, 0 Absent)
- FX Rate Applied: KRW 1,450.70 / USD (Basic exchange rate announced by Seoul Money Brokerage Services on February 20, 2026)
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of HFP’s Loan Execution and Contingent Guarantee Commitment Triggering
This disclosure details the board resolution to conditionally bear up to USD 90M in indemnity liabilities to Hanwha Aerospace based on Hanwha Systems’ indirect equity stake, should overseas affiliate HFP default on its debt financing. Verifying whether HFP proceeds with the loan drawdown and whether any contingent guarantee obligation is triggered is essential to understanding the actual progress of this agreement. Related updates can be checked through future periodic reports and official financial disclosures.
📢 Disclaimer & Source Notice
Source: This content was newly structured and created based on official submission data from the Financial Supervisory Service’s Data Analysis, Retrieval and Transfer System (DART).
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