Decision to Issue 100 Billion KRW Hybrid Equity Securities for Facility and Securities Acquisition
- Park Systems decides to issue 100 billion KRW of hybrid equity securities (bonds with warrants, BW). Funds to be used for facilities (40bn), acquisition of other company securities (40bn), and operating expenses (20bn).
- The warrant exercise price is set at 267,747 won, a 7.7% premium over the current market price of 248,500 won, resulting in no immediate dilution.
- 30-year maturity, 0% coupon rate. After 3 years, the yield steps up by 3% annually, then an additional 1% each subsequent year.
- The issuer has a call option to purchase up to 20% of each bondholder's holdings at par every 3 months from year 1 to year 3.
- Private placement to Kiwoom Securities (50bn) and NB Mezzanine Growth Equity Private Investment Fund (50bn). No warrant exercise or bond splitting for 1 year.
ADVERTISEMENT (250px+)
KOSDAQ Filing Information
- Filing: Report On Major Events (Decision On Issuance Of Debt Securities Recognized As Capital)
- Company: Park Systems (140860)
- Submission: Park Systems Corp.
- Receipt: 05-21-2026