Brief: Kingfish Announces Strategic Financial Restructuring

Kingfish NV

12/05/2026 07:21

May 12 (Reuters) - Kingfish Company NV KING.OL:

ANNOUNCES STRATEGIC FINANCIAL RESTRUCTURING WITH SIGNIFICANT NET DEBT REDUCTION

FINANCIAL RESTRUCTURING WILL UPON COMPLETION RESULT IN A SIMPLIFIED CAPITAL STRUCTURE, NEW EQUITY

EYRIR HF. TO BECOME MAIN SHAREHOLDER OF KINGFISH

RAISES EUR 21 MILLION IN PRIVATE PLACEMENT AT EUR 0.0535 PER SHARE

TO CONVERT EUR 49 MILLION CONVERTIBLE LOAN INTO 363,093,479 NEW SHARES

TO EXTEND SENIOR FACILITIES MATURITY BY 24 MONTHS UNTIL APRIL 2029

TO OFFER UP TO 74,766,355 SHARES TO RAISE UP TO NOK EQUIVALENT OF EUR 4 MILLION

EYRIR TO SUBSCRIBE EUR 15 MILLION IN PRIVATE PLACEMENT, TO HOLD 31.4% OF KINGFISH

EXISTING BACKERS COMMIT ABOUT EUR 6 MILLION TO KINGFISH PRIVATE PLACEMENT

Source text: ID:nObitZvT8a

Further company coverage: KING.OL

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