CGV Revises Hybrid Loan Terms for Turkish Subsidiary (Rate Cut and Maturity Extension)

CGV revises terms of hybrid loan to Turkish subsidiary MARS Cinema: interest rate lowered from 8.14% to 7.87%, maturity extended from 2054 to 2056, call option exercise period extended from 2 to 4 years
Loan amount: KRW 33 billion for repayment of existing borrowings; total outstanding loan balance to Turkey: KRW 84.9 billion
Turkish subsidiary financials (2023): assets KRW 213.5B, liabilities KRW 195.3B, equity KRW 18.2B, net loss KRW 4.2B (continuing losses)
Loan-to-equity ratio 12.63%; board resolution dates: initial 2024-05-31, approval of changes 2026-05-08