Brief: Ice Fish Farm Agreement On Long-Term Bank Financing Facility

Kaldvik AS

27/02/2023 18:52

Feb 27 (Reuters) - Ice Fish Farm AS  IFISH.OL :
    * ICE FISH FARM (IFISH): AGREEMENT ON LONG-TERM BANK
FINANCING
FACILITY
    * NEW FINANCING INCLUDES A EUR 60 MILLION TERM LOAN FACILITY
FOR
REFINANCING OF CERTAIN EXISTING INDEBTEDNESS OF GROUP
    * REACHED AN AGREEMENT FOR A LONG-TERM BANK FINANCING
PACKAGE OF
UP TO EUR 156.2 MILLION
    * ICE FISH FARM - NEW FINANCING INCLUDES EUR 20 MILLION
CAPEX
FACILITY FOR FINANCING NEW EQUIPMENT, UPGRADES TO FACILITIES,
INVESTMENTS IN BARGES, VESSELS
    * INITIAL DRAWDOWN ON NEW FINANCING IS EXPECTED WITHIN Q1
2023 AND
REMAIN SUBJECT TO DOCUMENTATION AND CUSTOMARY CONDITIONS
PRECEDENT
    * CONDITION FOR NEW FINANCING THAT CO RAISES A GROSS CASH
AMOUNT
OF APPROX. EUR 45 MILLION IN NEW EQUITY

Source text for Eikon:  ID:nObitwCX3a 
Further company coverage:  IFISH.OL 

 ((Reuters.Briefs@thomsonreuters.com;))