SalMar ASA: SalMar - Agreement on refinancing of credit facilities

      SalMar ASA: SalMar - Agreement on refinancing of credit facilities

SalMar ASA has entered into a new loan agreement with DNB, Nordea og Danske
Bank, which extend and restructure its existing credit facilities. The
agreement is for a period of five years and secures credit facilities
totalling NOK 5,000 million. The credit facilities comprise a term loan
facility of NOK 1,000 million, an investment/acquisition facility of NOK 2,000
million, and a revolving credit facility of NOK 1,500 million. A further
agreement has been entered into for an overdraft facility of up to NOK 500
million, renewable annually.

The terms reflect that the selected banks have confidence in SalMar. The
financial covenants state that the equity should not be less than 35% and
NIBD/EBITDA ratio shall not exceed 4.5. The company has the right to have
NIBD/EBITDA of up to 6.0 for three quarters.

For more information, please contact:
CFO Trond Tuvstein,
Tel: + 47 918 53 139
Email: trond.tuvstein@salmar.no
Website: www.salmar.no

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

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the content, accuracy and originality of the information contained therein.
Source: SalMar ASA via Globenewswire
HUG#1815070
 
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