Extension of Debt Guarantees for Byeollae Project... Renewal of Existing PF Guarantees, Limited New Risk
GS E&C decided to extend debt guarantees for buyers of Byeollae Xi The Star Executive & Officetel II mid-term loans amounting to 482.4 billion won
Guarantee period is from May 31, 2026 to August 31, 2026 (3 months), an extension of existing agreements
Guarantee amount is 8.73% of equity (5,523.6 billion won), within typical PF guarantee levels for construction firms
Total guarantee balance is approximately 8,156.8 billion won, with PF-related executions of 1,671.0 billion won and general guarantees of 4,913.1 billion won
This is a routine renewal of existing guarantees, with limited impact on shareholder value as no new borrowing or additional risk is introduced