Dongbu Farm Hannong financial restructuring

Overview:

• Dongbu Farm Hannong has undertaken a financial restructuring programme.
• The debtor has borrowed W280 billion ($241 million) from creditors including Korea Development Bank, KEB Hana Bank and Hyundai Capital Services.  
• The loans were executed through three different arrangements: A W60 billion bridge loan secured by the funds with accounts receivable and other real properties; W200 billion loan from 17 creditors including Korea Development Bank; and W20 billion loan secured by the funds with accounts receivable.  

Katrin Kostadinova - Data analyst