Daily News: June 9, 2017

Rabobank, DNB, Others Provide $1.3B Revolver for Marine Harvest


Seafood company Marine Harvest closed a €1.206 billion ($1.3 billion) senior secured five-year multicurrency revolving credit facility with DNB, Nordea, ABN Amro, Rabobank, Danske Bank and SEB.

The facility includes an accordion increase option, which provides flexibility for the parties to for an additional €200 million ($224 million) during the five-year term. The principal financial covenant of is an equity ratio of minimum 35% and remains unchanged to the existing bank loan. The refinancing is subject to customary closing conditions.