Marine Harvest refinances with €1.2 billion five-year revolver

By Marisa Wong

Morgantown, W.Va., June 9 – Marine Harvest ASA said it signed a €1,206,000,000 five-year senior secured multicurrency revolving credit facility with DNB, Nordea, ABN Amro, Rabobank, Danske Bank and SEB.

The refinancing facility includes an accordion option to increase the facility by an additional €200 million during the five-year term.

The main financial covenant of the loan agreement is a minimum equity ratio of 35%, unchanged from the company’s existing bank loan, the company said in a press release.

The refinancing is subject to some closing conditions.

The seafood and salmon-farming company is based in Oslo.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.