31.3.2025 08:43:07 CEST | Måsøval AS | Additional regulated information required to be disclosed under the laws of a member state
Reference is made to the stock exchange announcement on 6 February 2025 regarding a temporary waiver of financial covenants for Q4 2024.
Måsøval AS (the «Company«) has exercised its extension option under its senior bank financing of NOK 1.9 bn (the «Loan Agreement«) whereby the termination date has been extended from 27 February 2027 to 28 February 2028. In connection with the extension, the Company and the lenders have agreed to permanent amendments of the following terms under the Loan Agreement as requested by Company:
- The requirements as to interest cover ratio shall be reduced, so that the interest cover ratio with effect from Q1 2025 shall not at any time be less than 3.0x.
- The permitted finance leases is increased from NOK 400,000,000 to NOK 600,000,000.
Disclosure regulation
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Contacts
- Anders Hagestande, CFO, Måsøval AS, +47 415 82 138, anders.hagestande@masoval.no
- Helge Kvalvik, CEO, Måsøval AS, +47 979 79 772, helge.kvalvik@masoval.no
About Måsøval AS
Måsøval is an integrated producer of Atlantic salmon with more than 50 years of operational experience. Located in Central and West of Norway, Måsøval has both significant farming operations at sea and inhouse smolt production. Måsøval is processing and exporting high quality Atlantic salmon to a global marketplace.
