FNC Entertainment Corrects Acquisition of 12B Won Own CB - Payment Date Change and Put Option Details
- Correction filing: Changes to payment date and contract terms of the decision to acquire equity-linked bonds filed on 2026-04-20 (correction date 2026-05-11).
- Acquisition size: Total face value 12 billion KRW (6.12% of equity, equity base 195.99 billion), cash acquisition, purpose to enhance investment returns and strengthen partnerships.
- Convertible bond terms: Conversion price 4,638 KRW, coupon rate 3%, maturity 2031-05-19, conversion period 2028-05-19 to 2031-04-19.
- Put option (early redemption): Bondholders can request early redemption from 2027-05-19 (1 year after issuance) and every 3 months thereafter, with a notice period 120-100 days prior.
- Call option (issuer redemption): Issuer can redeem bonds from 2027-05-19 every 3 months, priority over bondholders' conversion rights.
- Sell option (issuer's right to sell): Issuer can require bondholders to sell bonds from 2027-05-19 to 2031-04-19, cumulative limit 34.28% of total.
- Conversion price adjustment: Every 6 months, downward adjustment floor at 80% of initial price, upward ceiling at 100%.
- Financials (consolidated): 2025 assets 110.17 billion, liabilities 90.65 billion, equity 19.52 billion, net loss 11.81 billion (three consecutive years of losses).
- Expected acquisition date: 2026-05-19 (changed).
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KOSPI Filing Information
- Filing: [Correction of Description] Decision on Acquisition of Equity-Linked Bonds
- Company: YG PLUS (037270)
- Submission: YG PLUS, INC.
- Receipt: 05-11-2026
- Under KRX KOSPI Market Division