SK Innovation unit SK On assumes KRW 2.03 trillion debt tied to SK Battery America bonds

Bitget2026/09/29 07:50

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SK Innovation’s battery unit SK On moved to assume KRW 2.03 trillion of SK Battery America bond debt.
Debt covers USD 500 million 4.875% overseas bond due 2027, USD 1 billion 4.25% overseas bond due 2029.
Board decision dated Sept. 28, 2026; transaction aimed at debt restructuring to improve SK Battery America’s financial position.
Effectiveness hinges on bondholder consent to change the issuer at meetings expected in late October 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SK Innovation Co. Ltd. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20260929800625), on September 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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SK Innovation unit SK On assumes KRW 2.03 trillion debt tied to SK Battery America bonds

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