REC Silicon - Announces the extension of a USD 50.0M Facility Loan

Moses Lake, Washington USA - June 15, 2026: REC Silicon ASA (REC Silicon) announced that its wholly owned subsidiary, REC Silicon Inc, has extended its USD 50 million facility loan from Standard Chartered Bank in New York on identical terms as the existing facility loan. 
 
The facility is fully guaranteed by Hanwha Solutions, an affiliate of Anchor AS, the company’s largest shareholder. 
 
This loan was extended through the existing USD 50.0 million facility loan, which originally closed on June 16, 2025. The maturity date of the extended loan is June 14, 2027.
 
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.

Contacts

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Nils O. Kjerstad
IR Contact
Phone: [phone]
Email: [e-mail]

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, §5-12. The information was submitted for publication, through the agency of the contact persons set out above, at 2026-06-15 20:16 CEST.

Attachments

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REC Silicon - Announces the extension of a USD 50.0M Facility Loan