Magnachip unit enters KRW 38B equipment financing with KDB for Gumi fab capex

MAGNACHIP SEMICONDUCTOR Corp

MSK executed a credit agreement with Korea Development Bank for CAPEX loans up to KRW 38B (~$26.5M).
Loans secured by pledge of Fab 3 machinery and equipment in Gumi, Korea.
Initial interest rate 3.97% (3-month CD rate + 0.68%), 10-year maturity with 2-year interest-only period.
Proceeds will fund capital expenditures, freeing MSK funds for operational needs and strategic decisions.
Company expects new Power products (IGBT, SuperJunction MOSFETs) to contribute to wafer starts in 2025 and beyond.

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