BioFish - Drawdown of long-term bank financing

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BioFish Holding AS is pleased to announce that the operational company, BioFish
AS, has made its drawdown of the approved long-term loan facility at Collector
Bank. For our capital-intensive industry its important to attract debt financing
at competitive conditions. 

With this planned bank financing, BioFish has completed its two important
milestones for its capital structure. This is achieved through our previously
new equity raised of 150.5 mNOK and now with the drawdown of long-term bank
financing of 60 mNOK at Collector Bank. The bank loan is a 3-year instrument
with 15 years profile with competitive terms as earlier announced and disclosed
in our prospectus. 

 

For more information please contact:

Torbjørn Skulstad, CEO
+47 483 81 546

Tor Haldorsen, Chairman of the board
+47 932 26 282

About BioFish:
BioFish is a land-based producer of smolt - juvenile fish destined for
aquaculture facilities. The company's production takes place in its production
facility in Kvam on the Norwegian west coast using a Recirculating Aquaculture
System (RAS), which recycles at least 99% of the water used. BioFish' deliver
smolt to salmon farms along the entire Norwegian coast and may also deliver its
products to customers across Northern Europe.