Atlantic Sapphire Secures $10 Million Bridge Loan Securing Near-term Operations

Atlantic Sapphire ASA has secured a $10 million bridge loan from its key investors while increasing the potential buyout offer price to NOK 0.80 per share as part of broader refinancing discussions, the land-based salmon producer announced March 27.
The bridge loan provides up to $10 million in two $5 million tranches, carrying 12% annual interest and a 15% origination fee, with maturity set for May 15, 2026. The facility ranks senior to Atlantic Sapphire's existing convertible loan and can be extended if parties...
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