{"id":5839,"date":"2023-07-11T09:02:02","date_gmt":"2023-07-11T09:02:02","guid":{"rendered":"https:\/\/www.arcticfish.is\/mfn_news\/arctic-fish-holding-as-afish-enters-into-term-sheet-to-refinance-existing-bank-facilities-and-support-planned-growth-with-a-new-eur-170-million-bank-facility\/"},"modified":"2023-07-11T09:02:02","modified_gmt":"2023-07-11T09:02:02","slug":"arctic-fish-holding-as-afish-enters-into-term-sheet-to-refinance-existing-bank-facilities-and-support-planned-growth-with-a-new-eur-170-million-bank-facility","status":"publish","type":"mfn_news","link":"https:\/\/www.arcticfish.is\/is\/mfn_news\/arctic-fish-holding-as-afish-enters-into-term-sheet-to-refinance-existing-bank-facilities-and-support-planned-growth-with-a-new-eur-170-million-bank-facility\/","title":{"rendered":"Arctic Fish Holding AS (AFISH): Enters into Term Sheet to refinance existing bank facilities and support planned growth with a new EUR 170 million bank facility."},"content":{"rendered":"<pre>Arctic Fish ehf., a 100%-owned subsidiary of Arctic Fish Holding AS, has today<br>entered into a Term Sheet to refinance its existing bank facilities and support<br>planned growth with a EUR 170 million three-year senior secured term loan and<br>revolving credit facility with Danske Bank, DNB, Nordea and Rabobank. <br><br>The committed facility comprises a term loan of EUR 120 million and a revolving<br>credit of EUR 50 million, and two one-year extension options will provide<br>flexibility for the parties to agree to extend the maturity of the facility.<br><br>Furthermore, Arctic Fish ehf. intends to make the facility<br>sustainability-linked, with interest margin tied to the Arctic Fish group's<br>performance against predefined targets related to certain sustainability KPIs<br>(to be agreed), and Danske Bank, DNB, Nordea Bank and Rabobank have been engaged<br>as Joint Sustainability Coordinators to assist in this respect.<br><br>The refinancing is subject to final documentation.<br><br>This information is subject to the disclosure requirements pursuant to section<br>5-12 of the Norwegian Securities Trading Act.<br><\/pre>\n<div class=\"mfn-footer\"><\/div>\n<script>\n                Array.prototype.slice.call(document.querySelectorAll(\".mfn-footer.mfn-attachment\")).forEach(function (el) { el.remove() });\n            <\/script>\n        <div class=\"mfn-attachments-container\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Arctic Fish ehf., a 100%-owned subsidiary of Arctic Fish Holding AS, has todayentered into a Term Sheet to refinance its existing bank facilities and supportplanned growth with a EUR 170 million three-year senior secured term loan andrevolving credit facility with Danske Bank, DNB, Nordea and Rabobank. The committed facility comprises a term loan of EUR [&hellip;]<\/p>","protected":false},"featured_media":0,"template":"","class_list":["post-5839","mfn_news","type-mfn_news","status-publish","hentry","mfn-news-tag-mfn-lang-en","mfn-news-tag-mfn-type-ir","mfn-news-tag-mfn","mfn-news-tag-mfn-regulatory"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Arctic Fish Holding AS (AFISH): Enters into Term Sheet to refinance existing bank facilities and support planned growth with a new EUR 170 million bank facility. - &lt;\u00b0)))&gt;{<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"is_IS\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arctic Fish Holding AS (AFISH): Enters into Term Sheet to refinance existing bank facilities and support planned growth with a new EUR 170 million bank facility. - &lt;\u00b0)))&gt;{\" \/>\n<meta property=\"og:description\" content=\"Arctic Fish ehf., a 100%-owned subsidiary of Arctic Fish Holding AS, has todayentered into a Term Sheet to refinance its existing bank facilities and supportplanned growth with a EUR 170 million three-year senior secured term loan andrevolving credit facility with Danske Bank, DNB, Nordea and Rabobank. 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