20.6.2023 07:00:00 CEST | Andfjord Salmon | Non-regulatory press releases
Reference is made to the stock exchange notice dated 13 June 2023, where
Andfjord Salmon AS ("Andfjord Salmon" or the "Company") shared the details of
the NOK 700 million bank loan secured from SpareBank 1 Nord-Norge and SpareBank
1 SR-Bank (with support from Eksfin).
The Company is pleased to announce that SpareBank 1 SMN has today confirmed
their commitment to take part in the bank consortium, increasing the total
lending commitment to NOK 825 million (the "Construction Loan"). Such increase
will replace the NOK 125 million allowance for the leasing facility in the loan
documentation. Other key terms of the Construction Loan are unchanged from
Andfjord Salmon's capital markets update on 13 June 2023.
As part of this upcoming construction stage, the Company is planning to
establish major infrastructure such as waterways and port area to support 40,000
tonnes of production at Kvalnes with further expansion investments towards full
production capacity planned to follow in sequence.
CONTACTS
* Investors: Bjarne Martinsen, CFO, Andfjord Salmon AS, +47 975 08 345,
bjarne.martinsen@andfjord.no
* Media: Martin Rasmussen, CEO, Andfjord Salmon AS, +47 975 08 665,
martin@andfjord.no
ABOUT ANDFJORD SALMON
Located at Kvalnes on the island of Andøya on the Arctic Archipelago of
Vesterålen, Norway, Andfjord Salmon has developed an innovative and sustainable
aquaculture concept for land-based farming of Atlantic salmon, based on a
flow-through technology solution. The company's ambition is to build the world's
most sustainable and fish-friendly aquaculture facility of its kind.
Andfjord Salmon AS is listed on Euronext Growth under the ticker ANDF.
www.andfjordsalmon.com - http://www.andfjordsalmon.com/