Proximar Seafood said its syndicated bank group has approved a requested covenant waiver linked to first-quarter 2026 sales volumes.
The waiver relates to a covenant covering average two-month sales volumes for the first quarter, which the company said was affected by its revised first-quarter harvest plan announced earlier this month.
Chief executive Joachim Nielsen said the approval followed constructive dialogue with the company’s lending banks.
Proximar operates a land-based salmon farming facility near Mount Fuji and markets its fish under the Fuji Atlantic Salmon brand. The company completed its first harvest in September 2024.
