REC Silicon - Announces the extension of a USD 110 million Short Term Loan with Hanwha International LLC

Summary by AI BETAClose X

REC Silicon Inc. has extended its USD 110.0 million short-term loan agreement with Hanwha International LLC, a subsidiary of its major shareholders, to January 24, 2027. This marks the fifth amendment to the original loan, which closed on January 24, 2025. The company acknowledges it lacks sufficient cash to meet its debt service and operating cash flow requirements for the current year without continued shareholder support or additional, yet unfinalized, capital.

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