{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-082089","form_type":"8-K","ticker":"MX","cik":"0001325702","company_name":"MAGNACHIP SEMICONDUCTOR Corp","filed_at":"2024-03-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.763265+00:00","generated_at":"2026-06-04T05:14:26.524399+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Magnachip subsidiary secures KRW 40B (~$28.9M) term loan from Korea Development Bank","bullets":["Term loan of KRW 40 billion (~$28.9M) fully funded March 26, 2024; initial interest rate 4.86% per annum.","Loan matures March 26, 2027; monthly interest-only payments with principal due at maturity.","Secured by pledge of Fab 3 properties in Gumi, Korea via a Kun-Pledge Agreement.","Prepayment allowed only with penalty: remaining days to maturity x 1.2% / full 3-year term days.","Proceeds intended for working capital and exploring strategic options to enhance shareholder value."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-082089","json":"https://secwatch.observer/filing/0001193125-24-082089.json","markdown":"https://secwatch.observer/filing/0001193125-24-082089.md","text":"https://secwatch.observer/filing/0001193125-24-082089.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1325702/000119312524082089/0001193125-24-082089-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1325702/000119312524082089/d808555d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T05:14:26.524399+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"71e1e19873c0af80e98cc2ea3c0967449ec61488","claim":"MAGNACHIP SEMICONDUCTOR Corp incurred term loan of KRW 40,000,000,000 (approximately $28.9 million) with Korea Development Bank at 3-month CD rate quoted by KDB, plus 1.21% maturing March 26, 2027.","evidence_excerpt":"The Loan Agreement provides for a working capital term loan (the “Term Loan”) of KRW 40,000,000,000 (approximately $28.9 million based on the KRW/USD exchange rate of KRW 1,340.7:$1 as of March 26, 2024 as quoted by KEB Hana Bank), which was funded in full to MSK on March 26, 2024.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1325702/000119312524082089/0001193125-24-082089-index.htm","confidence":1.0,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"KRW 40,000,000,000 (approximately $28.9 million)"},{"label":"Counterparty","value":"Korea Development Bank"},{"label":"Rate","value":"3-month CD rate quoted by KDB, plus 1.21%"},{"label":"Maturity","value":"March 26, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"f5e3cc2ee7a47727edabf60b5cec6bb298d95285","claim":"MAGNACHIP SEMICONDUCTOR Corp entered into Standard Credit Agreement with Korea Development Bank valued at KRW 40,000,000,000 (approximately $28.9 million) (effective 2024-03-26).","evidence_excerpt":"executed a Standard Credit Agreement (together with its General Terms and Conditions, the “Loan Agreement”) with Korea Development Bank (“KDB”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1325702/000119312524082089/0001193125-24-082089-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Korea Development Bank"},{"label":"Value","value":"KRW 40,000,000,000 (approximately $28.9 million)"},{"label":"Effective","value":"2024-03-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}