Grieg said Wednesday his company was able to raise the funds with relative ease, despite the downturn in the global salmon market.
"There were a lot of enthusiatic banks," Grieg said.
Sparebanken Vest, Nordea, Sandnes Sparebank and Glitnir Bank led the financing agreement.
Grieg said it will used the funds to meet a 2010 production target of 80,000 metric tons of salmon. The figure is nearly double the estimated 48,000 metric tons the company will harvest in 2007.
Grieg would not rule out external growth, but said the acquisitions the company made over the past year -- including Hjaltland Seafarms in the Sheltand Islands, Norway's Volden Group, and Canada's Target Aquaculture -- give the company plenty of free license capacity to grow.
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