Camus Engineering and Construction Guarantees 10 Billion Won Debt for Affiliate WH Holdings to SK Ecoplant

Camus Engineering and Construction has decided to provide a payment guarantee of up to 10 billion won to SK Ecoplant in connection with a 90 billion won private placement bond issued by its affiliate WH Holdings. This decision aims to recover an existing loan of 21.5 billion won made in August 2025. The guarantee amount represents 8.9% of the company's equity.
The structure involves WH Holdings issuing private bonds to SK Ecoplant, with SK Ecoplant assuming a fund supplementation obligation. If SK Ecoplant executes the supplementation, Camus Engineering will guarantee payment to SK Ecoplant.
As collateral, Camus Engineering provides 9,136 shares of SK Ecoplant common stock it holds. In return, it secures three types of beneficial interests from a stock collateral trust based on 1.25 million shares of SK Ecoplant stock.
The total guarantee balance including this transaction increases to 15.4 billion won. The guarantee period runs from July 10, 2026 to July 13, 2027.
[AI Summary]Camus Engineering supports its affiliate's financing with a 10 billion won guarantee while securing counter-collateral, a positive aspect. However, the guarantee size at 8.9% of equity adds financial burden. Since the purpose is to recover existing loans, no new cash outflow occurs, but monitoring WH Holdings' repayment capacity is necessary.