Meritz Financial Approves 200 Billion Won DIP Funding for Home Plus on July 16

According to Daily An, Meritz Financial Group approved full 200 billion won (approximately $154 million) in emergency operating capital (DIP) funding for struggling retailer Home Plus on July 16. The funding is conditional on joint guarantees from MBK Partners, Home Plus' majority shareholder, and MBK Chairman Kim Byung-joo. The decision reverses Meritz's earlier stance of providing only half the requested amount, following concerns that Home Plus would face bankruptcy if the Seoul Rehabilitation Court's recent decision to terminate restructuring proceedings was upheld.
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