Grieg Seafood Nets $365 Million Sustainability-Linked Loan
Grieg Seafood announced that it has signed a NOK 3.2 billion (US$365 million) five-year senior secured sustainability-linked facilities agreement with DNB Bank ASA and Nordea Bank to refinance its existing bank facilities on February 9.
The agreement provides for a NOK 750 million term loan, an EUR 75 million term loan, a NOK 1,500 million revolving credit facility. In addition, Grieg Seafood has access to a NOK 200 million overdraft facility, per Grieg.
The sole financial covenant governing the facilities is a minimum equity ratio of...
To Read Full Story Login Below.