IFISH Ice Fish Farm AS

Kaldvik AS: Approval of loan covenant waiver

Kaldvik AS: Approval of loan covenant waiver

Reykjavik, 16 December 2024:  Kaldvik AS has initiated a waiver process with its lenders regarding the financial covenants in its senior bank debt facility of EUR 179.9 million. This process has now been successfully concluded.

The lenders have granted a waiver of the following covenants for Q4 2024:

  • The interest cover shall at all times be equal to or more than 3.0x;
  • Leverage shall not exceed 5.0x in Q4 2024; and
  • The liquidity is maintained at minimum EUR 10,000,000.

For further information, please contact:

Contacts: Róbert Róbertsson, CFO of Kaldvik AS: (mobile)

About Kaldvik AS

Kaldvik AS is one of the leading salmon farmers in Iceland. Kaldvik AS has a well-developed and fully integrated value-chain controlling all steps from hatchery to sales, enabling the group to provide its customer with a sustainable premium product. Kaldvik AS is headquartered in Iceland.

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



EN
16/12/2024

Underlying

IFISHIce Fish Farm AS

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Ice Fish Farm AS

 PRESS RELEASE
Free
IFISH Ice Fish Farm A...

Kaldvik AS: Approval of loan covenant waiver

Kaldvik AS: Approval of loan covenant waiver Reykjavik, 16 December 2024:  Kaldvik AS has initiated a waiver process with its lenders regarding the financial covenants in its senior bank debt facility of EUR 179.9 million. This process has now been successfully concluded. The lenders have granted a waiver of the following covenants for Q4 2024: The interest cover shall at all times be equal to or more than 3.0x;Leverage shall not exceed 5.0x in Q4 2024; andThe liquidity is maintained at minimum EUR 10,000,000. For further information, please contact:Contacts: Róbert Róbertsson, CFO of Ka...

December 16, 2024 1 EN
Alexander Aukner
  • Alexander Aukner
BMK BENCHMARK HOLDINGS
LSG LEROY SEAFOOD GROUP ASA
AUSS AUSTEVOLL SEAFOOD ASA
AKVA AKVA GROUP ASA
SALM SALMAR ASA
GSF GRIEG SEAFOOD ASA
MOWI MOWI ASA
BAKKA BAKKAFROST P/F
SALMOCAM SALMONES CAMANCHACA SA
IFISH ICE FISH FARM AS
ASA ATLANTIC SAPPHIRE
SALME SALMON EVOLUTION HOLDING
KING THE KINGFISH COMPANY NV
AKBM AKER BIOMARINE
ISLAX ARNARLAX AS
AFISH ARCTIC FISH HOLDING AS
MAS MÅSØVAL
12/13/24 December 13, 2024 1 EN
 PRESS RELEASE
Free
IFISH Ice Fish Farm A...

License update for Kaldvik

License update for Kaldvik Today, MAST (Iceland Food and Veterinary Authority) and UST (The Environmental Agency of Iceland) have both advertised their proposal of a new farming license for Kaldvík Hf., a 100% owned subsidiary of Kaldvik AS, for up to 10,000 tonnes maximum allowed biomass (MAB) in Seyðisfjörður in the Eastfjords of Iceland. If issued in accordance with the proposal, the biomass of fertile salmon can amount to a maximum of 6,500 tonnes at any point in time with remaining biomass of 3,500 tonnes of sterile salmon, at three new sites in Seyðisfjörður. Stakeholders have until...

December 12, 2024 1 EN
Alexander Aukner
  • Alexander Aukner
BMK BENCHMARK HOLDINGS
LSG LEROY SEAFOOD GROUP ASA
AUSS AUSTEVOLL SEAFOOD ASA
AKVA AKVA GROUP ASA
SALM SALMAR ASA
GSF GRIEG SEAFOOD ASA
MOWI MOWI ASA
BAKKA BAKKAFROST P/F
SALMOCAM SALMONES CAMANCHACA SA
IFISH ICE FISH FARM AS
ASA ATLANTIC SAPPHIRE
SALME SALMON EVOLUTION HOLDING
KING THE KINGFISH COMPANY NV
AKBM AKER BIOMARINE
ISLAX ARNARLAX AS
AFISH ARCTIC FISH HOLDING AS
MAS MÅSØVAL
12/06/24 December 6, 2024 1 EN
ABGSC Seafood Research ... (+3)
  • ABGSC Seafood Research
  • Martin Kaland
  • Simon Brun
LSG LEROY SEAFOOD GROUP ASA
AUSS AUSTEVOLL SEAFOOD ASA
SALM SALMAR ASA
GSF GRIEG SEAFOOD ASA
MOWI MOWI ASA
BAKKA BAKKAFROST P/F
IFISH ICE FISH FARM AS
12/05/24 December 5, 2024 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch