Brief: Proximar Seafood Signs An Additional Jpy 1 Bln In Bank Loan Facilities

Proximar Seafood AS

17/09/2024 09:19

Sept 17 (Reuters) - Proximar Seafood AS  PROXI.OL :
    * AN ADDITIONAL JPY 1 BILLION (APPROX. NOK 75 MILLION) IN
BANK
LOAN FACILITIES SIGNED
    * FUNDS ARE TO BE USED FOR WORKING CAPITAL PURPOSES AND
BUFFER
LIQUIDITY AS PROXIMAR IS NOW APPROACHING SALES
    * LOANS ARE SECOND LIEN, PROVIDED AT ATTRACTIVE TERMS, AND
HAVE 3
YEARS UNTIL MATURITY
    * LOANS ARE PROVIDED BY TWO SEPARATE BANKS, OF WHICH ONE
LOAN OF
JPY 500 MILLION WILL BE PAID OUT ON 20 SEPTEMBER
    * SECOND LOAN OF JPY 500 MILLION IS A CREDIT FACILITY WHICH
WILL
BE AVAILABLE BY END OF SEPTEMBER

Source text for Eikon:  ID:nObiY3kWCa 
Further company coverage:  PROXI.OL 

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