Lysaker, Norway - October 13, 2025 - REC Silicon ASA ("REC Silicon") announced
today that it has entered into an unsecured USD 7.0 million short-term loan
agreement with Anchor AS to fund the company's urgent operational capital
needs.
Anchor AS is a Norwegian subsidiary of REC Silicon's two largest shareholders:
Hanwha Solutions and Hanwha Corporation.
The terms of the loan are generally in line with the financial terms of the
company's existing bank and shareholder loan agreements. The maturity date is
April 13, 2026.
REC Silicon does not have sufficient available cash to meet debt service and
other anticipated operating cash flow requirements going forward without the
continued support of the major shareholder, Hanwha, or additional sources of
capital. Therefore, it will soon require additional financing beyond this
loan, either from Hanwha or from other sources of capital, none of which have
yet been finalized or guaranteed.
Contacts
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Nils O. Kjerstad
IR Contact
Phone: +47 9135 6659
Email: nils.kjerstad@recsilicon.com
About REC Silicon
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REC Silicon is a leading producer of advanced silicon materials, delivering
high-purity silicon gases to the solar and electronics industries worldwide.
We combine over 40 years of experience and proprietary technology with the
needs of our customers. Listed on the Oslo Stock Exchange (ticker: RECSI), the
Company is headquartered in Lysaker, Norway.
For more information, go to: www.recsilicon.com
This information is subject to disclosure under the Norwegian Securities
Trading Act, ยง5-12. The information was submitted for publication at
2025-10-13 14:50 CEST.