SL Bionics, Studio Santa Claus 'My Name' Debt Financial Structure Improvement

[Asia Economy Reporter Jang Hyowon] SL Bionics announced on the 21st that the partial sale of shares in Studio Santa Claus on the 20th has laid the groundwork for improving its financial structure and securing stable equity through convertible bonds to be converted in the future.

SL Bionics sold 8,889,667 shares of Studio Santa Claus from the 15th to the 20th, securing approximately 38.2 billion KRW in cash liquidity. Additionally, it secured about 3.3 billion KRW through the sale of convertible bonds, totaling 41.3 billion KRW in cash secured and improving its financial structure.

The company holds the 4th, 5th, and 7th series of convertible bonds of Studio Santa Claus. The conversion price ranges from 1,920 KRW to 2,298 KRW, with a total of 6,480,333 shares. If all the convertible bonds held are converted, the equity ratio is expected to reach about 19%, enabling stable management control.

An SL Bionics official stated, “The proceeds from this share sale have covered the purchase cost of the strategically located factory acquired for business expansion and financial structure improvement,” adding, “We plan to secure stable equity through the convertible bonds of Studio Santa Claus that we hold.”