20 June 2023
The Company is pleased to announce that SpareBank 1 SMN has today confirmed their commitment to take part in the bank consortium, increasing the total lending commitment to NOK 825 million (the “Construction Loan”). Such increase will replace the NOK 125 million allowance for the leasing facility in the loan documentation. Other key terms of the Construction Loan are unchanged from Andfjord Salmon’s capital markets update on 13 June 2023.
As part of this upcoming construction stage, the Company is planning to establish major infrastructure such as waterways and port area to support 40,000 tonnes of production at Kvalnes with further expansion investments towards full production capacity planned to follow in sequence.
Investors: Bjarne Martinsen, CFO, Andfjord Salmon AS, +47 975 08 345, firstname.lastname@example.org
Media: Martin Rasmussen, CEO, Andfjord Salmon AS, +47 975 08 665, email@example.com
ABOUT ANDFJORD SALMON
Located at Kvalnes on the island of Andøya on the Arctic Archipelago of Vesterålen, Norway, Andfjord Salmon has developed an innovative and sustainable aquaculture concept for land-based farming of Atlantic salmon, based on a flow-through technology solution. The company's ambition is to build the world's most sustainable and fish-friendly aquaculture facility of its kind.
Andfjord Salmon AS is listed on Euronext Growth under the ticker ANDF.