Cibi e Bevande
Kaldvik AS: Approval of loan covenant waiver and agreement on bridge financing
Company ") has initiated a waiver process with its lenders regarding the financial covenants in its senior bank debt facility of EUR 179.9 million. This process has now been successfully concluded.
The lenders have granted a waiver of the following covenants for Q1 2025:
As part of the waiver process, the Company has also reached an agreement with its current bank lenders, Arion Bank hf., DNB Bank ASA, Landsbankinn hf. and Nordea Bank Abp, filial i Norge, for a short-term bridge facility of up to EUR 25 million (the " Bridge Facility "). The Bridge Facility, which is fully guaranteed by Heimstø AS and Ísfélag hf (owners of Austur AS, main owner of Kaldvík), has a final maturity date on 31 May 2025 and shall be applied to cover short term liquidity needs and for general corporate purposes.
For further information, please contact:
Róbert Róbertsson, CFO of Kaldvik AS:
+354 843 0086 (mobile)
robert.robertsson@kaldvik.is
About Kaldvik AS
Kaldvik AS is one of the leading salmon farmers in Iceland. Kaldvik AS has a well-developed and fully integrated value-chain controlling all steps from hatchery to sales, enabling the group to provide its customers with a sustainable premium product. Kaldvik AS is dual-listed on Euronext Growth Oslo and First North Iceland Growth Market. See https://www.kaldvik.is for more information about the Company.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
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