COSMAX BTI Decides on KRW 45.1 Billion Debt Guarantee for Subsidiary COSMAX USA
- Decided to provide a debt guarantee of KRW 45.102 billion (USD 30 million) for subsidiary COSMAX USA's borrowing of KRW 37.585 billion (USD 25 million) from Citibank N.A.
- Guarantee period: June 5, 2026 to June 5, 2027 (automatically renewable annually)
- Total outstanding guarantees including this: KRW 716.529 billion
- As of end-2025, COSMAX USA had negative equity of KRW -172.408 billion and recorded a net loss of KRW 32.162 billion
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KOSPI Filing Information
- Filing: Decision on Debt Guarantee for Others (Major Management Matters of Subsidiary)
- Company: COSMAX BTI (044820)
- Submission: COSMAX BTI, INC.
- Receipt: 05-19-2026
- Under KRX KOSPI Market Division