Loan & DebtJun 2, 2026, 07:47 AM
LG Display Amends KRW 1.87T Debt Guarantee for Vietnam Subsidiary
AI Summary
LG Display Co., Ltd. filed an amended report regarding its decision to guarantee a payment obligation of its subsidiary, LG Display Vietnam Haiphong Co., Ltd. The amendment adds Banco de Sabadell as an additional creditor to the existing guarantee. The guarantee, totaling KRW 1.87 trillion (approximately $1.5 billion), is intended to support the expansion of the company's OLED business and represents 12.67% of LG Display's total equity. The company expects to receive approximately $24.51 million in fees from the subsidiary for this guarantee.
Key Highlights
- LG Display guarantees KRW 1,870,650,000,000 ($1.5B) debt for its Vietnam subsidiary.
- The guarantee supports the expansion of LG Display's OLED business.
- Banco de Sabadell was added as an additional creditor to the guarantee.
- The debt guarantee represents 12.67% of LG Display's total equity.
- Guarantee term is from June 28, 2022, to July 31, 2029.
- LG Display expects to receive approximately $24.51 million in fees.
- Total existing financial guarantees are KRW 1,118,925,832,333.
Price Impact
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