GCT Semiconductor Holding, Inc. (GCTS): debt financing — GCT Semiconductor secures $10.7M term loan from largest shareholder for 5G production ramp-up

GCT Semiconductor Holding, Inc.

Loan of up to $10.7M (KRW 15B) from Anapass, Inc. at 7% annual interest, maturing September 10, 2026.
Proceeds to fund working capital and final production readiness for 5G chipset volume shipments.
5G chipset sampling completed with positive feedback from Orbic and Airspan; shipments targeted for Q4 2025.
Loan is senior secured and fully funded upon closing.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

GCT Semiconductor Holding, Inc. incurred term loan of ₩15.0 billion South Korean Won (or approximately USD $10.7 million) with Anapass, Inc. at 7.0% per annum maturing September 10, 2026.

Instrument: term loan
Principal: ₩15.0 billion South Korean Won (or approximately USD $10.7 million)
Counterparty: Anapass, Inc.
Rate: 7.0% per annum
Maturity: September 10, 2026
Event: incurrence

Exact text from the filing

The September Loan Agreement provides for a term loan facility of an aggregate principal amount of up to ₩15.0 billion South Korean Won (or approximately USD $10.7 million) (the “September Loan”). The September Loan will bear interest of 7.0% per annum and mature on September 10, 2026.

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GCT Semiconductor Holding, Inc. filing history →

Source: SEC EDGAR

accession 0000929638-25-003426

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