Atlantic Sapphire Raises Fifth Bridge Loan Tranche as Refinancing Drags On
Atlantic Sapphire ASA has agreed to raise a fifth tranche of its ongoing bridge loan facility, extending a rescue-financing arrangement that has now stretched across six months and five separate draws, according to a stock exchange notice filed September 24.
The land-based salmon farmer said it has agreed with existing lenders — Condire Management L.P., Nordlaks Holding AS, Strawberry Capital AS, Nokomis Capital Master Fund L.P. and Joh. Johannson Eiendom AS — to raise "Bridge Loan Tranche E" of USD 3 million. The new tranche...
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