﻿{"id":23431,"date":"2025-08-08T19:01:48","date_gmt":"2025-08-08T11:01:48","guid":{"rendered":"https:\/\/www.snc.com.tw\/?p=23431"},"modified":"2025-08-08T19:05:51","modified_gmt":"2025-08-08T11:05:51","slug":"the-company-provides-guarantees-for-the-bank-credit-agreement-of-norley-corporation-inc","status":"publish","type":"post","link":"https:\/\/www.snc.com.tw\/en\/the-company-provides-guarantees-for-the-bank-credit-agreement-of-norley-corporation-inc\/","title":{"rendered":"The Company provides guarantees for the bank credit agreement of Norley Corporation Inc."},"content":{"rendered":"<p>1.Date of occurrence of the event:2025\/08\/08<br \/>\n2.For the company for whom the endorsements\/guarantees were made, please specify name of<br \/>\n&emsp;endorsed\/guaranteed company, its relationship with the Company providing endorsements\/guarantees,<br \/>\n&emsp;the ceiling on the endorsements\/guarantees (thousand NTD), the original amount of<br \/>\n&emsp;endorsements\/guarantees (thousand NTD), the amount of the current additional endorsements\/guarantees<br \/>\n&emsp;(thousand NTD), the amount of endorsements\/guarantees as of the date of occurrence (thousand NTD),<br \/>\n&emsp;the actual loaned amount of the company for whom endorsements\/guarantees were made (thousand NTD),<br \/>\n&emsp;and the reason for the current additional endorsements\/guarantees:<br \/>\n&emsp;Norley Corporation Inc., a wholly-owned subsidiary.<br \/>\n&emsp;The ceiling on the endorsements\/guarantees: NT$15,310,428.<br \/>\n&emsp;The original amount of endorsements\/guarantees: NT$6,750,620.<br \/>\n&emsp;The amount of the current additional endorsements\/guarantees:NT$3,614,270.<br \/>\n&emsp;The amount of endorsements\/guarantees as of the date of occurrence of the event:NT$10,364,890.<br \/>\n&emsp;The actual loaned amount of the company: NT$-.<br \/>\n&emsp;The reason for the current additional endorsements\/guarantees:Renewal of the bank credit agreement upon<br \/>\n&emsp;expiration and adjustment of endorsement\/guarantee limits.<br \/>\n3.For collaterals provided by the company for whom the endorsements\/guarantees were made, the content and<br \/>\n&emsp;the value (thousand NTD):<br \/>\n&emsp;Maxson Shipping Inc., Ocean Grace Limited, and Pacifica Maritime Limited, 100% owned by Norley<br \/>\n&emsp; Corporation Inc., act as joint guarantors and provide the vessels MV Tai Shan, MV Tien Shan, MV Elbhoff<br \/>\n&emsp;as collateral with a book value of NT$ 4,277,570 thousand.<br \/>\n4.For the latest financial statements of the company for whom the endorsements\/guarantees were made, the<br \/>\n&emsp;Capital (thousand NTD) and Cumulative gains\/losses (thousand NTD):<br \/>\n&emsp;The Capital: NT$32,230<br \/>\n&emsp;Cumulative gains: NT$13,010,294.<br \/>\n5.For termination of endorsement\/guarantee obligations, the condition and the date:<br \/>\n&emsp;The obligation of endorsement guarantee can only be released when the loan is repaid or the date of<br \/>\n&emsp;contract termination.<br \/>\n6.The total amount of the ceiling on endorsements\/guarantees (thousand NTD):NT$45,931,284.<br \/>\n7.The total amount of endorsements\/guarantees as of the date of occurrence (thousand NTD):NT$15,564,890.<br \/>\n8.The amount of endorsements\/guarantees as a percentage of the public company\u2019s net worth on the latest<br \/>\n&emsp;financial report as of the date of occurrence:101.66%.<br \/>\n9.The aggregate amount of equity method investments, endorsements\/guarantees, and monetary loans<br \/>\n&emsp;extended to others as a percentage of the public company\u2019s net worth on the latest financial statements:<br \/>\n&emsp;157.99%<br \/>\n10.Any other matters that need to be specified: Details of outstanding guarantee for Norley Corporation Inc are<br \/>\n&emsp;as follows:<br \/>\n&emsp;1.Due to short-term working capital needs, the renewal of the bank credit facility jointly guaranteed by<br \/>\n&emsp;&emsp;the Company amounts to USD 16 million.<br \/>\n&emsp;2.Further to the third material information announcement dated May 12th, 2025 the Company&#8217;s joint<br \/>\n&emsp;&emsp;guarantee for Norley Corporation Inc.\u2019s bank credit facility has been adjusted to USD 331 million in<br \/>\n&emsp;&emsp;accordance with the revised terms approved by the banks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>1.Date of occurrence of the event:2025\/08\/08 2.For the company for whom the endorsements\/guarantees were made, please specify name of &emsp;endorsed\/guaranteed company, its relationship with the Company providing endorsements\/guarantees, &emsp;the ceiling on the endorsements\/guarantees (thousand NTD), the original amount of &emsp;endorsements\/guarantees (thousand NTD), the amount of the current additional endorsements\/guarantees &emsp;(thousand NTD), the amount of endorsements\/guarantees as of the date of [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.snc.com.tw\/en\/wp-json\/wp\/v2\/posts\/23431"}],"collection":[{"href":"https:\/\/www.snc.com.tw\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.snc.com.tw\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.snc.com.tw\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.snc.com.tw\/en\/wp-json\/wp\/v2\/comments?post=23431"}],"version-history":[{"count":5,"href":"https:\/\/www.snc.com.tw\/en\/wp-json\/wp\/v2\/posts\/23431\/revisions"}],"predecessor-version":[{"id":23436,"href":"https:\/\/www.snc.com.tw\/en\/wp-json\/wp\/v2\/posts\/23431\/revisions\/23436"}],"wp:attachment":[{"href":"https:\/\/www.snc.com.tw\/en\/wp-json\/wp\/v2\/media?parent=23431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.snc.com.tw\/en\/wp-json\/wp\/v2\/categories?post=23431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.snc.com.tw\/en\/wp-json\/wp\/v2\/tags?post=23431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}