---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-282046"
form_type: "8-K"
ticker: "MX"
cik: "0001325702"
company_name: "MAGNACHIP SEMICONDUCTOR Corp"
filed_at: "2024-12-19T23:59:59+00:00"
generated_at: "2026-05-29T01:20:35.963362+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-282046
- form_type: 8-K
- ticker: MX
- cik: 0001325702
- company_name: MAGNACHIP SEMICONDUCTOR Corp
- filed_at: 2024-12-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1325702/000119312524282046/0001193125-24-282046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1325702/000119312524282046/d877874d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-282046
- JSON: https://secwatch.observer/filing/0001193125-24-282046.json
- Plain text: https://secwatch.observer/filing/0001193125-24-282046.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.