Arctic Fish ehf., a 100%-owned subsidiary ofArctic Fish Holding AS , has today entered into a Term Sheet to refinance its existing bank facilities and support planned growth with aEUR 170 million three-year senior secured term loan and revolving credit facility withDanske Bank , DNB, Nordea, andRabobank . The committed facility comprises a term loan ofEUR 120 million and a revolving credit ofEUR 50 million , and two one-year extension options will provide flexibility for the parties to agree to extend the maturity of the facility. Arctic Fish ehf intends to amend the facility to become sustainability-linked, with interest margin tied to the Arctic Fish group's performance against predefined targets related to certain sustainability KPIs, andDanske Bank , DNB,Nordea Bank , andRabobank have been engaged as Joint Sustainability Coordinators to assist in this respect. The refinancing is subject to final documentation. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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