REC Silicon - Announces the Close of a USD 7.0 million Short Term Loan Extension with Anchor AS

Summary by AI ^BETAClose X

REC Silicon ASA has extended an unsecured short-term loan of USD 7.0 million with its largest shareholder, Anchor AS, pushing the maturity date to October 13, 2026. The company acknowledges it lacks sufficient cash to meet future debt service and operating requirements without continued support from its major shareholder, Hanwha, or securing additional, as yet unfinalized, capital. This reliance on external financing highlights potential ongoing financial pressures for REC Silicon.

Disclaimer*

Lysaker, Norway - April 13, 2026 - REC Silicon ASA (“REC Silicon”) 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.