Sphere Corp. Shortens Debt Guarantee Period for Overseas Subsidiary After Repayment, Reducing Contingent Liability by 7.9 Billion Won

On June 30, 2026, Sphere Corp. filed an amendment to shorten the debt guarantee period for its overseas subsidiary Sphere Nickel Cobalt Pte. Ltd. to June 30, 2026, following the subsidiary's debt repayment.
As a result, Sphere Corp. now has only one debt guarantee remaining, a 34.8 billion won limit for domestic subsidiary The Special Metals, reducing contingent liabilities by approximately 7.9 billion won.
The Special Metals' equity was expanded to 10 billion won last April through Sphere Corp.'s participation in a paid-in capital increase.
[AI Summary]This amendment is positive as it reduces contingent liabilities due to the overseas subsidiary's own debt repayment. Sphere Corp.'s financial soundness improves and additional financing burdens are reduced.