Scottish Salmon Company signs £100 million revolving credit facility

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Subsidiary Scottish Salmon Company Limited has refinanced its banking facilities to support its “objective for growth.”

In a bulletin on the Oslo Stock Exchange, Bakkafrost-owned The Scottish Salmon Company has announced that its wholly-owned subsidiary, The Scottish Salmon Company Limited – through which all salmon farming, processing and sales operational activities are conducted – has refinanced its banking facilities with a secured GBP 100m five-year multicurrency revolving credit facility with Rabobank, DNB and Nordea.

“The facility provides an increased and more flexible funding package to support the Company’s objective for growth, as well accommodating the variability in working capital requirements of the business,” it wrote.