Mowi Inks Deal for $2.9 Billion Sustainability-Linked Credit Facility
Mowi, the largest salmon farmer on the planet has signed a EUR 2.6 billion ($2.9 billion) five-year sustainability-linked multicurrency revolving credit facility agreement with DNB, Nordea, Rabobank, ABN AMRO, Danske Bank, SEB and Crédit Agricole.
Norway-based Mowi said the facility would be used to refinance existing bank debt and for general corporate purposes.
The principal financial covenant of the facility is a minimum equity ratio of 35%, and the facility includes an accordion increase option which provides flexibility for the parties...
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