Mowi ASA Secures Major Sustainability-Linked Financing Deal

Author: Olivia Taylor Updated: 06-12-2025 06:00 AM

Mowi ASA Secures Major Funding for Sustainability Initiatives

Mowi ASA has recently made a significant stride in its commitment to sustainability by signing a EUR 2,600 million five-year sustainability-linked multicurrency revolving credit facility agreement. This facility, entered into with leading financial institutions, is poised to refinance existing bank debt while also supporting general corporate purposes.

Understanding the Credit Facility Agreement

This sizable financial agreement was forged with respected banking partners, including DNB, Nordea, Rabobank, ABN AMRO, Danske Bank, SEB, and Crédit Agricole. A key aspect of this credit facility is to enhance Mowi's financial footing while aligning with its sustainability endeavors. Notably, a principal financial covenant mandates a minimum equity ratio of 35%, demonstrating a solid commitment to maintaining a robust financial structure.

Accordion Increase Option for Enhanced Flexibility

Another attractive feature of this facility is the accordion increase option, which allows for a potential expansion of the facility by an additional EUR 400 million. This flexibility can provide Mowi with the crucial support it needs as it adapts and responds to market conditions over the term of the agreement.

Alignment with Mowi’s Sustainability Goals

The impact of this financing arrangement goes beyond mere numbers; it significantly supports Mowi's ambitious goal of achieving 100% green or sustainable financing. By linking interest rates on the facility to Mowi’s performance against sustainability Key Performance Indicators (KPIs), the initiative firmly aligns with their overarching Environmental, Social, and Governance (ESG) strategy.

Commitment to Green Financing

This move reinforces Mowi's unwavering commitment to sustainable practices within the aquaculture industry. By prioritizing environmentally friendly financing options, Mowi is not only securing its financial future but also setting an example of corporate responsibility within the sector.

Next Steps in the Refinancing Process

It is important to note that the completion of this refinancing is contingent upon customary closing conditions. Mowi's leadership is confident that they will meet these conditions in a timely manner, ensuring a smooth transition as they leverage this new facility to bolster their corporate objectives.

Frequently Asked Questions

What is the purpose of the EUR 2,600 million credit facility?

The facility is primarily designed to refinance existing debt and support general corporate purposes, aligning with Mowi's sustainability initiatives.

Which banks are involved in the credit facility agreement?

The agreement involves prominent banks such as DNB, Nordea, Rabobank, ABN AMRO, Danske Bank, SEB, and Crédit Agricole.

What is the minimum equity ratio required by the facility?

The facility mandates a minimum equity ratio of 35% as part of its financial covenants.

What is the accordion increase option?

This option allows the facility to expand by an additional EUR 400 million, offering financial flexibility to Mowi during the term of the agreement.

How does this facility align with Mowi’s sustainability goals?

Interest rates on this facility are linked to Mowi's performance against sustainability KPIs, reflecting the company’s commitment to green financing.

About The Author

Olivia Taylor here, a 26-year-old writer and financial advisor. After earning a degree in finance, I worked in the sector for years. I've always loved numbers and had a talent for simplifying difficult financial ideas so that anyone could understand. I wrote my first book because of this passion; it helps readers take charge of their financial futures by fusing real-life stories with useful financial advice.

Whether they are just beginning their careers, preparing for significant life events, or seeking to invest wisely, my goal with my writing is to enable people to make educated financial decisions. The foundation of my work is the conviction that security and freedom of the individual are largely determined by financial literacy. To further financial education, I run workshops and frequently write for financial blogs in addition to my books.

I like to travel, experience other cultures, and find inspiration in daily life when I'm not writing or examining market trends. My passion is utilizing sound financial practices to help people reach their financial objectives and lead the best lives possible.

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