SK GAS CO., LTD. Report of Disclosure Revision
| Revision Date | 2022-02-25 |
| 1. Disclosure Documents in relation with Revision | Decision on Debt Guarantee for Others | |
| 2. Submission date of documents | 2022-02-14 | |
| 3. Reason for Revision | Confirmation of the amount of debt (borrowing), amount of debt guaranteed, and date of bond issuance | |
| 4. Revised Information | ||
| information | before revision | after revision |
| Amount of debt (borrowing) (KRW) | 200,000,000,000 | 150,000,000,000 |
| Amount of debt guaranteed (KRW) | 200,000,000,000 | 150,000,000,000 |
| Ratio to equity capital(%) | 10.53 | 7.90 |
| Guarantee period- From | - | 2022-02-25 |
| Total balance of debt guarantee (KRW) | 827,897,300,000 | 777,897,300,000 |
| Other references useful for making investment decisions |
- "3. Amount of Debt" is the maximum expected amount of issuance of the principal of the publicly offered bonds, and will be determined in the future within the range of between KRW 150 billion and KRW 200 billion. The interest on the principal is also subject to debt guarantee in addition to the principal, yet it was not included in the guaranteed amount. - The guarantee period of "4. Details of debt guaranteed" is from the date of issuance of bonds until the full payment of the principal and interest, and is subject to change according to the bond issuance schedule. |
- "3. Amount of Debt" is the confirmed amount of issuance of the principal of the publicly offered bonds. the interest on the principal is also subject to Debt guarantee in addition to the principal, yet it was not included in the guaranteed amount. - The guarantee period of "4. Details of debt guaranteed" is from the date of issuance of bonds (Feb 25, 2022) until the full payment of the principal and interest. |
| - This is a corrective reporting following the confirmation of the amount of bonds issued, etc. of Ulsan GPS Corporation |
Decision on Provision of Debt Guarantee for Others
| 1. Debtor | Ulsan GPS Corporation | |
| - Relationship to company | Affiliated company | |
| 2. Creditor | Bond holders for non-guaranteed publicly offered bonds of Ulsan GPS Corporation | |
| 3. Amount of debt (borrowing) (KRW) | 150,000,000,000 | |
| 4. Details of debt guarantee | Amount of debt guaranteed (KRW) | 150,000,000,000 |
| Equity capital (KRW) | 1,898,715,509,313 | |
| Ratio to equity capital (%) | 7.90 | |
| Classified as a large-sized corporation? | Yes | |
| Guarantee period | Start date | 2022-02-25 |
| End date | - | |
| 5. Total balance of debt guarantee (KRW) | 777,897,300,000 | |
| 6. Date of board resolution (decision date) | 2022-02-08 | |
| - Attendance of outside directors | Present (No.) | 4 |
| Absent (No.) | 0 | |
| - Attendance of auditors (members of Audit Committee who are not outside directors) | - | |
| 7. Other matters to be factored into investment decisions | ||
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- The debt guarantee above is related to the issuance of non-guaranteed publicly offered bonds of Ulsan GPS Corporation, a company in which SK Gas holds a 99% shares. -"3. Amount of debt" is the confirmed amount of issuance of the principal of the publicly offered bonds. the interest on the principal is also subject to Debt guarantee in addition to the principal, yet it was not included in the guaranteed amount. - The equity capital of "4. Details of debt guaranteed" is based on the consolidated financial statements of SK Gas Co., Ltd as of the end of 2020. - The guarantee period of "4. Details of debt guaranteed" is from the date of issuance of bonds (Feb 25, 2022) until the full payment of the principal and interest. - "5. Total balance of guarantee account" is the sum of the amount of debt guarantee of this disclosure and the amount of the existing debt guarantee. - The current fiscal year of the "Condensed Financial Statement of Debtor" below is based on the financial statements of Ulsan GPS Corporation as of the end of 2020. | ||
| ※ Related disclosure | - |
| Category | Total assets | Total liabilities | Total shareholders' equity | Capital stock | Sales | Net income |
| Current fiscal year | 81,627 | 2,005 | 79,622 | 79,910 | 0 | -3,803 |
| Previous fiscal year | 28,423 | 9,557 | 18,866 | 149,100 | 0 | -13,061 |
| Two fiscal years prior | 51,120 | 254 | 50,866 | 166,600 | 0 | -111,787 |
| Debtor | Relationship | Balance of debt guarantee (KRW) | Period of debt guarantee | Remarks |
| Ulsan GPS Corporation | Affiliated company | 150,000,000,000 | 2022.2.25 ~ full payment of the principal and interest | Amount of debt guaranteed for Ulsan GPS Corporation (as of this Revised Disclosure) |
| SK GAS INTERNATIONAL PTE.LTD. | Affiliated company | 109,200,000,000 | 2022.1.1~2022.12.31 | Amount of debt guaranteed for Saudi Arabian Oil Company(ARAMCO), CHEVRON(INTERNATIONAL) TRADING PTE.LTD. (disclosed on 2021.12.17) |
| SK Gas Petrochemical Pte. Ltd. | Affiliated company | 153,897,300,000 | 2021.9.17~2024.6.30 | Amount of debt guaranteed for AGIC (disclosed on 2021.9.23) |
| SK Gas Trading LLC | Affiliated company | 364,800,000,000 | 2021.6.11~2022.6.10 | Amount of debt guaranteed for Woori Bank(NY), MIZUHO Bank(LA),SMBC Bank(NY), SC Bank(USA), KEB Hana Bank(LA)(disclosed on 2021.5.21) |
| ※ Relevant statutes | Financial Investment Services and Capital Markets Act |
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Disclaimer
SK GAS Ltd. published this content on 25 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 February 2022 08:21:01 UTC.
