Loan reduced from 72.6B to 57.0B won and maturity extended by one year
- Correction of disclosure regarding borrowing for Icheon 7 Logistics Center acquisition by subsidiary (ESR Kendall Square Asset No.2)
- Total loan reduced from 72.6B to 57.0B won (15.6B to be repaid); VAT loan of 10B already repaid in 2023
- Maturity extended by one year to May 11, 2027; interest spread reduced to 1.50% (from 1.60%)
- Lenders changed from Hana Bank to syndicate of NH Nonghyup, Shinhan, IM Bank, BNK Busan, Gwangju Bank
- Loan-to-equity ratio declined from 18.0% to 15.1%
- Subsidiary's CEO changed from Lee Jin-chul to Kang Shin-woo
- Subsidiary's total assets 936.6B, 33.0% of parent's consolidated assets (2,835.8B)
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KOSPI Filing Information
- Filing: [Correction of Description] Other Management Matters (Voluntary Disclosure) (Major Management Matters of Subsidiary)
- Company: ESR Kendall Square REIT (365550)
- Submission: ESR Kendall Square REIT Co., Ltd.
- Receipt: 04-29-2026
- Under KRX KOSPI Market Division, Amended (Refer to related filing)