Domestic private equity fund (PEF) management company IMM Credit & Solution (ICS) invested 100 billion won in LNFA.
According to the Financial Supervisory Service's electronic disclosure system on the 17th, LNFA stated that after purchasing and retiring the 100 billion won convertible bond (CB) issued in 2021 with ICS, it will issue new bonds.
LNFA plans to secure financial soundness by buying back the previously issued convertible bonds and then proceeding with the retirement process. The company explained that the new bond issuance will take place next year to avoid worsening its current financial structure.
LNFA noted, "Although there is short-term uncertainty in the industry due to the recent unstable market environment and the Chasm (a period of temporary demand stagnation), IMM has a strong willingness to continue investing, believing in LNFA's future growth value, which led to the decision for this issuance."