Agreement to Extend EUR Hedge Settlement of KRW 80 Billion
Subsidiary JR REIT XXVI agreed with Hana Bank to extend the maturity of the EUR hedge settlement (approx. KRW 80 billion) from May 4, 2026 to November 1, 2027.
Subject transaction: principal EUR 300 million and dividend EUR 14 million; total settlement approx. KRW 100 billion, with KRW 20 billion already paid, leaving approx. KRW 80 billion.
The agreement is conditional on JR Global REIT's rehabilitation filing and ARS program, with Hana Bank as the largest creditor.
The parent has a cash deficiency undertaking for credit enhancement of the subsidiary.
Subsidiary's total assets approx. KRW 2.28 trillion, representing 82.9% of parent's consolidated total assets of KRW 2.75 trillion.
KOSPI Filing Information
Filing: Other Management Matters (Voluntary Disclosure) (Key Management Matters of Subsidiary)