Land-based salmon farmer Atlantic Sapphire sent out its first notice of borrowing on the $86 million (€76.1 million) credit facility with DNB and Denmark’s export credit agency EKF, the company said in a notification to the Oslo Bors.
The debt package includes a $17 million (€15 million) Bridge Facility with DNB, adding additional liquidity for the company and bringing the total committed amount from $69 million (€61 million) to $86 million (€76.1 million).
In addition, $4 million (€3.5 million) of debt capacity has been transferred from the US Revolving Credit Facility to the US Term Loan.
