REC Silicon – Announces the Close of a USD 10.0M Short Term Loan with Hanwha Global Americas Corporation

Summary by AI BETAClose X

REC Silicon ASA has extended an unsecured USD 10.0 million short-term loan with Hanwha Global Americas Corporation, an affiliate of its largest shareholder, through May 27, 2027. This extension of the loan, originally from May 2025, comes as REC Silicon acknowledges it lacks sufficient cash to meet future debt service and operating requirements without continued support from its major shareholder or additional, yet unfinalized, capital sources.

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