정부기관도 합류…홈플러스 “공익채권 분할 상환 동의율 64.4%로 상승”

On February 2nd, the approval rate for Homeplus's social security bonds reached 64.4%, up 5.4 percentage points from the previous day, according to a report by the company. Homeplus revealed that the approval rate for social security bondholders had climbed to 64.4% (including 66.2% for goods and services payments and 88% for employees) as of one day ago.

This marked an increase from 59% on February 31st last year. The surge in approval rates, Homeplus explained, was primarily driven by the participation of government institutions. The bonds in question pertain to payments that are legally required regardless of the company's ongoing bankruptcy proceedings, such as employee salaries, retirement benefits, certain taxes, and transaction fees occurring after the initiation of the bankruptcy proceedings.

While the identities of the government entities that agreed to the bond split repayment remain undisclosed, the magnitude of their participation suggests that they likely represent significant bond issuances. Homeplus bonds are prioritized for repayment over other bankruptcy bonds, but those with larger sizes are more likely to receive higher approval rates for their repayment plans, as this boosts the perceived likelihood of successful execution in the eyes of the court.

Company officials anticipate that if more approvals are secured before the upcoming relationship assembly meeting, the final approval rate could exceed the current 64.4%. They cautioned that failing to obtain sufficient approvals by today could result in substantial losses for bondholders. During the relationship assembly meeting scheduled for this afternoon at 3 PM, stakeholders, including creditors, bondholders, and shareholders, will convene to vote on the bankruptcy plan.

For the court to grant the plan, it requires approval from 75% of the secured creditors, 66.7% of the bankruptcy bondholders, and at least 50% of the shareholders. Legal experts have noted that if the plan meets these thresholds, the likelihood of the court approving it is very high, with minimal chances of it being dismissed.