SK D&D Raises 136.7B Won to Strengthen Liquidity Amid Debt Repayment

According to Korea Ratings and Data today (July 29), SK D&D announced a capital raise of 136.7 billion won through equity issuance, enhancing its near-term liquidity capacity. The company will use 62 billion won to repay private bonds maturing in October and allocate 753 billion won for additional project funding.

The rating agency forecasts improved financial metrics following the capital raise: the company's debt-to-equity ratio is expected to decrease from 149% to 120%, while net debt is projected to shrink from 600 billion won to 468.2 billion won. However, Korea Ratings and Data noted ongoing monitoring is necessary as commercial real estate market headwinds persist.