USD 110m loan from KEB Hana Bank in Korea, guaranteed by Hanwha
Will be used to retire the outstanding bond with maturity 13 April
Addresses near-term capital need; further financing required in 2023

21 Mar 2023
Arctic FLASH: REC Silicon - USD 110m bank financing to retire bond

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Arctic FLASH: REC Silicon - USD 110m bank financing to retire bond
USD 110m loan from KEB Hana Bank in Korea, guaranteed by Hanwha
Will be used to retire the outstanding bond with maturity 13 April
Addresses near-term capital need; further financing required in 2023