The agreement was reached through collaboration with DNB, Danske Bank, and Arion Bank.
Arnarlax, a subsidiary of Icelandic Salmon, owned by Norwegian giant Salmar, has successfully entered into a Sustainable Linked Facility agreement.
Valued at €100 million, the new facility is aimed at refinancing the company’s existing loans.
This deal will support the company’s growth plans and enhance operational flexibility, according to Arnalax CFO Jónas Heiðar Birgisson.
“We are pleased to secure a €100 million sustainable linked credit facility with competitive terms, aligning with our vision to be a sustainable fish farmer in Iceland,” he said. “We value our ongoing partnership with DNB and Arion Bank, and we welcome Danske Bank as a strong addition to our team.”
The agreement was reached through collaboration with DNB, Danske Bank, and Arion Bank. It includes a three-year tenor and encompasses various financial facilities, including a term loan, a revolving facility, and an overdraft facility. Additionally, it offers the flexibility of two one-year extension options.
The financing agreement has been fully finalized and does not require any further documentation.