Genexine Refinances KRW 41.44 Billion in Project Debt With Secured Loan
Bitget2026/11/02 09:33- Genexine will record KRW 41.44 billion in short-term borrowings from refinancing project-finance loans for its Magok headquarters and R&D center.
- New secured loans from financial institutions will replace existing debt without additional borrowing.
- Magok Consortium First is the borrower; the amount reflects Genexine’s ownership share in the consortium.
- The loans run for 12 months from the initial drawdown on November 6, 2026.
- The board authorized the refinancing on November 2, 2026.
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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