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  2. Share Prices
  3. Samsung El.gdr Share Price
  4. Samsung El.gdr Share Regulatory News
  5. Debt Guarantee for Overseas Subsidiary

Pin to quick picksSamsung El.gdr Regulatory News (SMSN)

Samsung El.gdr Information

Share Price Information for Samsung El.gdr (SMSN)

London Stock Exchange
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Share Price: 1,423.00
Bid: 1,424.00
Ask: 1,426.00
Change: 64.00 (4.71%)
Spread: 2.00 (0.14%)
Open: 1,390.00
High: 1,427.00
Low: 1,388.00
Prev. Close: 1,359.00
SMSN Live PriceLast checked at -
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Debt Guarantee for Overseas Subsidiary

26 Sep 2011 10:27

RNS Number : 9054O
Samsung Electronics Co. Ld
26 September 2011
 



Debt Guarantee for Overseas Subsidiary
 
 
On September 26th, 2011, the Management Committee authorized a credit line to SEEH (Samsung Electronics Europe Holding Cooperatief U.A., a holding company that controls subsidiaries of SEC in Europe). Under public disclosure regulations by Korea Exchange, SEC should make a public disclosure about a credit line that exceeds 2.5% (about KRW 2 trillion) of its equity capital.
 
Details:
 
1. Borrower: Samsung Electronics Europe Holding Cooperatief U.A.
- Relationship with SEC: An overseas subsidiary
 
2. Creditors: Seven banks including Sumitomo Mitsui Banking Corporation and Banks of Tokyo Mitsubishi UFJ, Ltd.
 
3. Credit line of SEEH: KRW 4,121,250,000,000
- A total of USD 3.5 billion by applying the currency exchange rate of KRW1,177.5/USD. The purpose of the credit line is to increase efficiency by allowing SEEH’s subsidiaries to use debt facilities under the credit line of SEEH.
- Each of the creditors will be provided with a credit line of USD500 million (a total of USD 3.5billion).
 
4. Details of credit line
- Amount: KRW 4,121,250,000,000
※ USD 1.52 billion out of USD 3.5 billion is to replace the existing guarantee, and the remaining USD 1.98billion is the newly provided amount.
- Equity capital: KRW 79,967,170,000,000
- Ratio of credit line to equity capital: 5.15%
※The period of credit line will start in October 2011 (tentatively) and last for one year.
 
5. Total credit line of SEC: KRW 10,679, 423,000,000
※ SEC’s total credit line which includes the credit line for SEEH
 
 
 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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