LG Energy Solution Decides on Debt Guarantee for Lease Contract of Arizona Battery Plant
LG Energy Solution announced on the 21st that it has decided to provide a debt guarantee for the lease contract of the factory building of its U.S. Arizona subsidiary (LG Energy Solution Arizona).
This contract pertains to the lease of the cylindrical battery factory building in Arizona, involving a debt guarantee for the lease payments over a 20-year period (from March 2026 to February 2046) incurred through a long-term lease.
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The debt amount is approximately KRW 5.9978 trillion, which corresponds to 29.1% of the company's equity capital.
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