LG Display (NYSE: LPL) outlines debt guarantees for Vietnam subsidiary
Filing Impact
Filing Sentiment
Form Type
6-K/A
Rhea-AI Filing Summary
LG Display Co., Ltd. filed an amended report as a foreign private issuer detailing financial guarantees it has provided for its subsidiary, LG Display Vietnam Haiphong Co., Ltd.
The table lists six separate debt guarantees, each with its own Korean won amount and term, running from 2017 through 2025 and 2024 for various tranches.
Positive
- None.
Negative
- None.
Key Figures
Debt guarantee 1: KRW 249,420,000,000
Debt guarantee 2: KRW 93,532,500,000
Debt guarantee 3: KRW 96,996,665,697
+3 more
6 metrics
Debt guarantee 1
KRW 249,420,000,000
LG Display Vietnam Haiphong; March 7, 2017 to February 29, 2024
Debt guarantee 2
KRW 93,532,500,000
LG Display Vietnam Haiphong; March 12, 2018 to April 13, 2023
Debt guarantee 3
KRW 96,996,665,697
LG Display Vietnam Haiphong; March 29, 2018 to April 25, 2025
Debt guarantee 4
KRW 436,485,000,000
LG Display Vietnam Haiphong; April 23, 2018 to May 22, 2025
Debt guarantee 5
KRW 117,781,666,636
LG Display Vietnam Haiphong; September 19, 2019 to September 18, 2024
Debt guarantee 6
KRW 124,710,000,000
LG Display Vietnam Haiphong; March 23, 2022 to March 28, 2025
Key Terms
Form 6-K/A, foreign private issuer, Form 20-F, financial guarantees, +1 more
5 terms
Form 6-K/A regulatory
"Form 6-K/A REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16"
Form 6-K/A is an amended report filed with the U.S. Securities and Exchange Commission by a foreign (non‑U.S.) company to correct or add material information previously sent in a Form 6‑K. It matters to investors because it updates the official public record—think of it as a corrected or expanded page in a company’s disclosure file—so the new or corrected details can affect how investors judge the company’s risks, results or future prospects.
foreign private issuer regulatory
"REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16"
A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.
Form 20-F regulatory
"whether the registrant files or will file annual reports under cover of Form 20-F"
Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.
financial guarantees financial
"Total Balance of the Company’s Financial Guarantees by Debtor"
debt guarantee financial
"Balance of debt guarantee"
FAQ
What does LG Display (LPL) disclose in this Form 6-K/A?
LG Display discloses details of financial guarantees it has extended to its subsidiary LG Display Vietnam Haiphong. The filing lists each debt guarantee amount in Korean won and the specific term dates for these obligations from 2017 through 2025 and 2024.
Which subsidiary of LG Display (LPL) is covered by these financial guarantees?
All listed financial guarantees relate to LG Display Vietnam Haiphong Co., Ltd., described as a subsidiary of LG Display. The table specifies this relationship for each guarantee, clarifying that these are intra-group support arrangements rather than guarantees to unrelated third-party entities.
What are the largest financial guarantee amounts LG Display (LPL) reports?
The filing shows several large Korean won guarantees, including KRW 436,485,000,000 and KRW 249,420,000,000 for LG Display Vietnam Haiphong. These appear alongside other sizable guarantees, illustrating multiple tranches of support with different inception and expiry dates for the same subsidiary.
Over what periods do LG Display (LPL) guarantees for its Vietnam subsidiary run?
The guarantees span multiple periods, such as March 7, 2017 to February 29, 2024 and April 23, 2018 to May 22, 2025. Each Korean won amount in the table is tied to its own start and end date, defining the duration of LG Display’s obligation.
Why is LG Display (LPL) classified as a foreign private issuer in this filing?
LG Display uses Form 6-K/A, which is for foreign private issuers reporting under the Securities Exchange Act. The company indicates it files annual reports on Form 20-F, confirming its foreign issuer status while providing interim information like these financial guarantees.