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    RECSI — Rec Silicon ASA News Story

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    Brief: REC Silicon Announces Close Of $25 Mln Short Term Loan With Hanwha International

    Picture of Rec Silicon ASA logoRec Silicon ASA
    05/08/2024 06:45
    Aug 5 (Reuters) - REC Silicon ASA  RECSI.OL :
    * SAID ON FRIDAY SUBSIDIARY REC SILICON INC HAS ENTERED INTO
$25
MLN SHORT-TERM LOAN WITH HANWHA INTERNATIONAL
    * PURPOSE OF LOAN IS TO SUPPORT CAPITAL NEEDS OF REC SILICON
AND
TO PROVIDE LIQUIDITY BUFFER AS CO COMPLETES ITS ONGOING RESTART,
EXPANSION INITIATIVES IN COMING WEEKS
    * TERMS OF LOAN ARE IN LINE WITH TERMS OF PREVIOUSLY
ANNOUNCED
FACILITY LOAN AGREEMENTS

        
 Source text for Workspace:  urn:newsml:reuters.com:*:nMFN3qQ01q
 Further company coverage: [ RECSI.OL ] 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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