SK Innovation unit SK On assumes KRW 2.03 trillion debt tied to SK Battery America bonds
Bitget2026/09/29 07:50- 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.
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