Short-Term Borrowing Increase for Engine Prepayment
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Short-term borrowing increased by KRW 39.16 billion (USD 27,143,771.92 at rate 1,442.80)
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Purpose: Funding prepayment (PDP) for two TRENT 7000-72 engines for A330-900NEO aircraft
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Sale and leaseback (SLB) structure: lessor pays PDP, lease starts upon engine delivery
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Financial cost: based on PDP amount, floating at Term SOFR + spread
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10.15% of equity (equity KRW 386 billion), not a large corporation
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Board resolution date: 2026-01-27, all 3 outside directors attended
KOSPI Filing Information
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Filing: Decision on Increase of Short-Term Borrowings
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Company: Trinity Airways (091810)
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Submission: Trinity Airways Co., Ltd.
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Receipt: 05-15-2026
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Under KRX KOSPI Market Division