Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Systems has resolved at a board meeting to enter into a shareholder agreement to share guarantee liabilities worth approximately KRW 83.3B (USD 59.4M) with Hanwha Ocean, which provided a debt guarantee for new borrowings by subsidiary Hanwha Philly Shipyard Inc.
📊 [Key Disclosure Details & Financial Highlights]
- Title
- Resolution to Enter into a Shareholder Agreement on Guarantee Liability Sharing
- Key Details
- The Board of Directors approved the execution of a “Shareholder Agreement on Guarantee Liability Sharing” to share debt guarantee amounts regarding Hanwha Ocean Co., Ltd.’s debt guarantee for new borrowings raised by subsidiary Hanwha Philly Shipyard Inc. (HPSI).
- If a payment demand arises due to Hanwha Ocean’s obligation to fulfill the guarantee, Hanwha Systems will pay its shared amount to Hanwha Ocean.
- Key Financial Specifications
- HPSI Loan Amount: USD 90,000,000
- Hanwha Ocean Guarantee Amount: USD 99,000,000
- Hanwha Systems Shared Guarantee Amount: USD 59,400,000 (approx. KRW 83.3B)
- Ratio to Recent Annual Total Equity (KRW 2.416T): 3.44%
- Guarantee Period: Until the expiry date of the guarantee obligation (1 year from the loan agreement date)
- Other Important Matters
- Board Resolution Date: September 30, 2025 (3 Outside Directors present, 0 absent)
- The shared amount in KRW (approx. KRW 83.3B) was converted using the initial Seoul Money Brokerage exchange rate of KRW 1,402.20/USD on September 30, 2025.
- Specific terms remain subject to potential change depending on progress.
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Monitoring Potential Guarantee Performance and Financial Impact
This disclosure concerns the decision to undertake a shareholder obligation for guarantee liability sharing regarding a subsidiary’s new borrowings. Monitoring whether any payment demands arise from Hanwha Ocean fulfilling its guarantee obligation during the loan period is essential for evaluating the ultimate impact on the company’s financial position and contingent liabilities. Related details can be reviewed in future periodic filings, such as quarterly, half-year, and annual reports.
📢 Disclaimer & Source Information
Source: This content was structured and generated based on official filings from the Financial Supervisory Service’s DART system.
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