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.