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REC Silicon ASA ( (RNWEF) ) has shared an update.
REC Silicon Inc., a wholly owned subsidiary of REC Silicon ASA, has extended its existing USD 110 million short‑term loan agreement with Hanwha International LLC, a unit of REC Silicon’s two largest shareholders, Hanwha Solutions and Hanwha Corporation. The loan, originally closed in January 2025 and amended multiple times since, now matures on 24 January 2027. The company disclosed that it does not have sufficient available cash to cover debt service and anticipated operating cash flow needs for the current year without continued support from its major shareholder or additional capital, and it expects to require further financing beyond this loan, underscoring ongoing liquidity pressures and a heightened dependence on shareholder or external funding for its near‑term operations.
More about REC Silicon ASA
REC Silicon ASA, headquartered in Lysaker, Norway and listed on the Oslo Stock Exchange, is a leading producer of advanced silicon materials. The company supplies high-purity silicon gases to the global solar and electronics industries, leveraging more than 40 years of experience and proprietary technology to serve customers worldwide.
YTD Price Performance: 5.44%
Average Trading Volume: 262,463
Current Market Cap: NOK456.8M
See more data about RNWEF stock on TipRanks’ Stock Analysis page.