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Kim Byung-ju, MBK to fully guarantee 200 billion won Homeplus DIP financing

Kim Byung-ju (김병주), chairman of MBK Partners, and MBK Partners plan to provide a full joint and several guarantee for 200 billion won in debtor-in-possession financing needed for Homeplus’ rehabilitation. MBK said it would guarantee the entire loan if Meritz gives final approval for the emergency operating funds. It said Homeplus needs the funding to continue operations and reduce damage to partners and suppliers. MBK said prior support totalled about 400 billion won.