REC Silicon repurchases some REC01, REC02 and REC03 bonds at par, 103

By Susanna Moon

Chicago, Nov. 4 - REC Silicon ASA will repurchase the following amounts of its senior bonds, according to a company press release:

• NOK 454.5 million REC01 bonds, or 70% of outstanding amount, at 103% of par plus accrued interest;

• NOK 478.5 million REC02 bonds, or 67% of outstanding amount, at par plus accrued interest; and

• NOK 612.5 million REC03 bonds, or 67% of outstanding amount, at par plus accrued interest.

Settlement has been set for Nov. 5.

Arctic Securities ASA is the adviser and receiving agent.

REC Silicon is a Sandvika, Norway-based producer of advanced silicon materials, delivering high-purity polysilicon and silane gas to the solar and electronics industries worldwide.

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