Averøy, Norway, 18 January 2025
With reference to the stock exchange announcements of 15 December 2021, 29 June
2023 and 16 November 2023.
Nordic Halibut AS ("NOHAL" or "the Company") is pleased to announce an increase
of NOK 60m relating to the overdraft facility agreement with Sparebank 1
Sør-Norge. This increase in the overdraft facility is backed by an Eksfin
financing guarantee. After the increase, the overdraft facility amounts to NOK
260 million.
The expanded overdraft facility will increase NOHAL's available liquidity and
will be utilized to finance the planned growth in biomass.
For further information, please contact:
CEO Edvard Henden
edvard@nordichalibut.no
+47 911 41 165
or
CFO Thomas Scheele Berg
thomas.berg@nordichalibut.no
+47 928 84 856
About Nordic Halibut AS:
Nordic Halibut is a leading farmer of Atlantic halibut located in Western Norway
and with headquarters in Averøy, Nordmøre. The Company has a fully integrated
and well-developed value chain from genetics to sales and has had a significant
breakthrough in early phase production. A growth plan to expand production
volumes is implemented with production target of 4,500 tonnes HOG within 2027
and 10,350 tonnes HOG within 2031. Nordic Halibut will create shareholder value
by pursuing value accretive organic growth through increased production.