Bakkafrost has today entered into a term sheet for a sustainability-linked
The purpose of the Facility is to refinance Bakkafrost's existing bank facilities as well as general corporate purposes including acquisitions. The facility will serve as a robust and flexible financial framework for the Group's investment plans aimed at significant organic growth for the Group and structural cost reductions in
Bakkafrost is pleased by the increased financial flexibility and generally improved terms under the Facility. The margin payable will be linked to Bakkafrost's performance against certain sustainability KPIs, consistent with the Group's overall ESG targets and ambitions. The Facility includes flexibility for the parties to agree an additional amount of up to
Coöperatieve Rabobank U.A,
The Facility is subject to the signing of a facility agreement, which is expected during Q1 2022.
For further information, please contact:
Regin Jacobsen , CEO ofP/F Bakkafrost : +298 235001 (mobile)-
Høgni
Dahl Jakobsen , CFO ofP/F Bakkafrost : +298 235060 (mobile)
https://news.cision.com/bakkafrost/r/bakkafrost--refinancing,c3470081
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