Morpol signs new debt facility

This will be used to consolidate and refinance existing loans and increase operational and strategic flexibility going forward, the company saidin a statement. 

The leading banks, DnB NOR and Rabobank are the mandated lead arrangers and have committed a long-term senior secured facility with a term of five years for EUR 250 million. Morpol had a net interesting bearing debt of EUR 156 million at the end of third quarter.

Jerzy Malek, Morpol CEO said: "This is an important milestone for the success of strengthening our position as the world leader in smoked salmon and to build a platform for further growth in the salmon processing and farming industry. I am pleased that DnB NOR and Rabobank have recognised our leading position and put in place these facilities at competitive terms".