BAKKAFROST - Refinancing of bank facilities
With reference to the release of 25 September 2019, Bakkafrost is pleased to announce that is has entered into binding agreements relating to two fully secured five-year credit facilities of in aggregate EUR 352m (the “New Facilities”). The purpose of the New Facilities is to refinance Bakkafrost’s existing bank facilities, to partly fund the acquisition of shares in the Scottish Salmon Company and to secure a robust, flexible and long-term financing tailored to match the Group’s ambitions for organic and strategic growth. The New Facilities will comprise a EUR 95m multicurrency term