COSMAX BTI Decides on KRW 45.1 Billion Debt Guarantee for Subsidiary COSMAX USA
Decided to provide a debt guarantee of KRW 45.102 billion (USD 30 million) for subsidiary COSMAX USA's borrowing of KRW 37.585 billion (USD 25 million) from Citibank N.A.
Guarantee period: June 5, 2026 to June 5, 2027 (automatically renewable annually)
Total outstanding guarantees including this: KRW 716.529 billion
As of end-2025, COSMAX USA had negative equity of KRW -172.408 billion and recorded a net loss of KRW 32.162 billion
KOSPI Filing Information
Filing: Decision on Debt Guarantee for Others (Major Management Matters of Subsidiary)