Chilean salmon farmer Blumar has agreed to a $300 million (€258 million) debt restructuring deal to help it get through the COVID-19 pandemic.

Under the deal with Rabobank, Banco de Credito e Inversiones, Banco Santander-Chile, Banco Security and DNB Bank, Blumar will be able to reschedule $200 million (€172 million) worth of debt over a period of up to seven years.