REC Silicon ASA - repurchase of REC01, REC02 and REC03 bonds

REC Silicon ASA - repurchase of REC01, REC02 and REC03 bonds

Sandvika, November 4, 2013: REC Silicon ASA (the "Company") refers to previous communication regarding repurchase of certain of its outstanding bonds.

The offer period has now expired, and the Company will repurchase the following amounts of its senior bonds:

  • REC01 (ISIN: NO 001 0536501): NOK 454.5 million repurchased at 103.00 percent of par value plus accrued interest. This represents 70 percent of the outstanding amount of the bond issue. 

  • REC02 (ISIN: NO 001 0607484): NOK 478.5 million repurchased at 100.00 percent of par value plus accrued interest. This represents 67 percent of the outstanding amount of the bond issue. 

  • REC03 (ISIN: NO 001 0607476): NOK 612.5 million repurchased at 100.00 percent of par value plus accrued interest. This represents 67 percent of the outstanding amount of the bond issue. 

Settlement is expected to take place on November 5, 2013.

Arctic Securities ASA has acted as advisor and receiving agent for the transaction.

For further information, please contact:

Mikkel Tørud
SVP Investor Relations & Business Development, REC Silicon ASA
Telephone: +47 976 99 144
Email: mikkel.torud@recsilicon.com

About REC Silicon ASA:

REC Silicon is a leading producer of advanced silicon materials, delivering high-purity polysilicon and silane gas to the solar and electronics industries worldwide.  We combine 25 years of experience and proprietary technology with the needs of our customers, and have an annual capacity of 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 Moses Lake, Washington and employs 800 people. Find out more at: www.recsilicon.com

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.