13th Apr 2026 15:04
Lysaker, Norway - April 13, 2026 - REC Silicon ASA (“REC Siliconâ€) announced today that it has extended an unsecured USD 7.0 million short-term loan with Anchor AS.
Anchor AS is REC Silicon’s largest shareholder and is a wholly owned subsidiary of Hanwha Corporation and Hanwha Solutions. The original loan closed on October 13, 2025. The new maturity date of the extended loan is October 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 has yet been finalized or guaranteed.
About REC Silicon
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, §5-12. The information was submitted for publication, through the agency of the contact persons set out above, at 2026-04-13 17:04 CEST.
Attachments
REC Silicon - Announces the Close of a USD 7.0 million Short Term Loan Extension with Anchor AS
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