HL D&I decided to provide a completion guarantee and debt assumption guarantee for a KRW 225 billion PF loan obtained by a special purpose company (HL No.6 Seongsu Project Trust Management REITs), the client of the 'Seongsu-dong 2ga Office Development Project' currently under construction by HL D&I, from a syndicate of lenders including Korea Development Bank.
The guarantee amount is KRW 225 billion, equivalent to 39.32% of equity (KRW 572.3 billion), with a guarantee period from June 1, 2026 to October 1, 2029 (40 months).
This decision adds to the existing guarantee balance of KRW 676.1 billion (including unused limits), with actual outstanding loans totaling KRW 395.7 billion (interim loans KRW 172.2 billion, PF joint guarantees KRW 223.5 billion).
Approved by the management committee under the board of directors; attendance of outside directors and auditors was not separately disclosed.
[AI Comprehensive Analysis]While this guarantee is a normal part of PF financing for HL D&I's core construction business, the total guarantee balance amounts to 118% of equity and far exceeds the market cap (approx. KRW 113.4 billion), indicating heavy financial burden. Investors should closely monitor project progress and the company's financial soundness, as delays or poor sales could materialize contingent liabilities.