Cosmax NBT Decides on 12.8 Billion KRW Debt Guarantee for Overseas Subsidiaries

[Asia Economy Reporter Yoo Byung-don] Cosmax NBT announced on the 17th that it has decided to provide a debt guarantee of 12.8 billion KRW for a third party concerning its overseas affiliate Cosmax NBT USA.

This amount corresponds to 21.98% of its equity capital. The debt guarantee period is from the 18th of this month until October 18, 2023.