REC Silicon ASA - Repurchase of bonds maturing ...

With reference to the announcement made on 23 March 2018 and the successful completion of a USD 110 million senior secured bond issue with maturity date 13 April 2023, the company offered a buy-back of its outstanding senior unsecured bonds maturing 3 May 2018 (ISIN NO0010607476, "REC03") as well as a buy-back of the convertible bonds maturing 11 September 2018 (ISIN NO0010687304).

The company will repurchase approximately NOK 9 million of REC03 at a price of 100.5 % of par value (plus accrued interest). Further, the company will buy back and cancel a total of approximately USD 107 million of its convertible bonds in conjunction with the new bond issue.

Settlement date for the buy-backs is expected to be 13 April 2018.

Arctic Securities and DNB Markets acted as joint lead managers for the bond issue.

For further information, please contact:
James A. May II, Chief Financial Officer
REC Silicon
Phone: [phone]
Email: [e-mail]

Christopher Bowes, Investor Relations
REC Silicon ASA
Phone: [phone]
Email: [e-mail]

Nils O. Kjerstad
IR Contact Europe
Phone: [phone]
Email: [e-mail]

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.

For more information, go to: www.recsilicon.com

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

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Source: REC Silicon ASA via Globenewswire