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    RECSI — Rec Silicon ASA News Story

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    Brief: REC Silicon Signs Agreement For $30 Mln Facility Loan

    Picture of Rec Silicon ASA logoRec Silicon ASA
    15/06/2023 10:02
    June 15 (Reuters) - REC Silicon ASA  RECSI.OL :
    * SAID ON WEDNESDAY HAS SIGNED AN AGREEMENT FOR A USD 30
MILLION
FACILITY LOAN FROM STANDARD CHARTERED BANK IN NEW YORK FOR THE
PURPOSE OF SUPPORTING THE CAPITAL NEEDS OF THE COMPANY
    * FACILITY LOAN IS PART OF THE OVERALL FINANCING PLAN FOR
THE
COMPANY’S ONGOING RESTART AND EXPANSION INITIATIVES
    * FACILITY LOAN IS FULLY GUARANTEED BY REC SILICON’S LARGEST
SHAREHOLDER HANWHA SOLUTIONS, CONTRIBUTING TO FAVORABLE TERMS

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nMFN4ZLws6
 Further company coverage:  RECSI.OL  

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

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