After sending out a stock exchange announcement twice this spring, Atlantic Sapphire can finally confirm a loan agreement with DNB.
Atlantic Sapphire and the world’s largest seafood bank, DNB, yesterday fully executed an amended and restated agreement for a USD 210 million senior secured credit facility.
The pioneering land-based salmon farmer reported this in a stock exchange announcement on Tuesday evening.
The facility refinances the company’s existing term loan and revolving credit facility with DNB and EKF.
Initial proceeds from the facility have been disbursed and will be used to complete the construction of the Company’s Homestead Bluehouse in Miami, USA.