REC Silicon ASA – Successfully completed a USD 110 million senior secured bond issue
REC Silicon ASA has successfully completed a USD 110 million senior secured bond issue with maturity date 13th April 2023. Settlement date is expected to be 13 April 2018.
In connection with the bond issue, the company offered a conditional buy-back of its outstanding senior unsecured bonds with maturity 3 May 2018 ((REC03 with ISIN NO0010607476) and its outstanding convertible bonds with maturity 11 September 2018 (with ISIN NO0010687304).
Arctic Securities and DNB Markets acted as joint lead managers for the bond issue. An application will be made for the bonds to be listed on Oslo Børs.
For further information, please contact:
James A. May II, Chief Financial Officer
Phone: +1 509 989 1023
REC Silicon ASA
Phone: +1 509 793 8127
Nils O. Kjerstad
IR Contact Europe
Phone: +47 9135 6659
About REC Silicon
REC Silicon is a leading producer of advanced silicon materials, delivering high-purity polysilicon and silicon gas to the solar and electronics industries worldwide. We combine over 30 years of experience and proprietary technology with the needs of our customers, with annual production capacity of more than 20,000 MT of polysilicon from our two US-based manufacturing plants. Listed on the Oslo Stock Exchange (ticker: REC), the Company is headquartered in Fornebu, Norway.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.