Land-based salmon producer Salmon Evolution, which has plans for facilities in South Korea and Norway, has secured a bank loan of NOK 625 million (€62.3 million/$74.5 million) relating to its Phase 1 build out at Indre Haroy, Norway.
The group entered into a committed term sheet with Nordea as agent and Sparebanken Vest as co-lender for a senior secured debt financing package on April 16.
Salmon Evolution is in full swing with the construction of a land-based salmon facility outside Molde, Norway, with the first construction phase costing around NOK 1.3
