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11 May 2021
Arctic Credit FLASH: REC Silicon - Solid outlook for Butte and EBITDA in-line

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Arctic Credit FLASH: REC Silicon - Solid outlook for Butte and EBITDA in-line
REC Silicon ASA (RECSI:OSL), 0 | Record plc (REC:LON), 61.1
- Published:
11 May 2021 -
Author:
Daniel Stenslet | Sebastian Grindheim -
Pages:
6 -
Butte EBITDA in-line at 10.1m – REC EBITDA at USD 4m vs est at USD 1.5m
Customer indicative forecast suggests a strong increase from Butte in Q2
We view the report as credit positive due to performance on Butte
Bonds now callable at 105.75, leaving limited upside from current levels