Nordic Aqua secures short-term credit facility

Nordic Aqua, a global pioneer in land-based Atlantic salmon farming, with its first farm located in Ningbo, China, has today entered a short-term credit facility of EUR 5.8 million with DNB ASA. The facility has a tenor of up to four months and is designed to provide the necessary liquidity to support the company’s ongoing operations and strategic growth initiatives.

This credit facility comes at a pivotal time for Nordic Aqua as the company continues to implement corrective actions in response to recent challenges in its operations. The company remains focused on addressing the geosmin issue that affected its production in July. The funds will be used to maintain operational stability, invest in essential capex for long-term improvements, and support our ongoing buildout until the upcoming equity financing of approximately NOK 250 million planned for later this year and supported by several large shareholders.

- We are committed to ensuring that Nordic Aqua remains financially robust and capable of delivering on our strategic objectives, CEO Ragnar Joensen comments.

- This credit facility will enable us to navigate the current challenges while continuing to focus on our long-term vision of sustainable growth and a strong market position for premium quality Atlantic salmon to the Chinese market under the Nordic PureAtlantic brand, he adds.

For further information please contact:

CEO Ragnar Joensen ragnar@nordicaquapartners.com +298 599 112

CFO Tom Johan Austrheim tom@nordicaquapartners.com +47 982 09 873