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: +354 843 0086 (mobile)

About Kaldvik AS

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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