REC Silicon - Announces the Close of a USD 6.5 million Short Term Loan with Hanwha International LLC
United States, Aug. 11 -- REC Silicon Inc, a wholly owned subsidiary of REC Silicon ASA ("REC Silicon"), announced today that it has entered into a USD 6.5 million short-term loan agreement with Hanwha International LLC to fund the company's urgent operational capital needs.Hanwha International LLC is a subsidiary of REC Silicon's two largest shareholders: Hanwha Solutions and Hanwha Corporation.This loan was executed through a third amendment to the existing USD 96.5 million short-term loan, which originally closed on January 24, 2025. It was subsequently amended for the first time on February 5, 2025, and for the second time on July 18, 2025. The maturity date of the amended loan remains January 24, 2026, consistent with the original loan...
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