SK Gas to Provide Debt Guarantee for Affiliate SK Gas International

MT Newswires Live07-15 18:58

SK Gas Co (KRX:018670) has decided to provide a debt guarantee of 89.5 billion won for its wholly-owned overseas affiliate, SK Gas International (SKGI), according to a bourse filing on Wednesday.

The guarantee is a Parent Company Guarantee intended to reinforce SKGI's creditworthiness for derivative transactions, with the exact guarantee period to be finalized after the board's approval.

Following this addition, SK Gas's total outstanding debt guarantee balance amounts to approximately 3.06 trillion won across multiple affiliates, including SK Gas Trading, Ulsan GPS, and SK Gas Petrochemical.

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