SalMar ASA Announces New Commercial Paper Issuance
SalMar ASA has taken a clear step in its financing plan by issuing a new commercial paper totaling NOK 500,000,000. The placement supports day-to-day liquidity and broader business needs, and it signals a steady, deliberate approach to funding as the company grows its presence in the market.
Key Terms and Timing
The note carries a coupon of 5.13% per annum. It was placed recently and runs to maturity in March 2025. In practice, that means investors receive the stated annual interest rate over the life of the paper and the principal is repaid at maturity.
What Commercial Paper Does
Commercial paper is short-term borrowing used by companies to access cash quickly. It helps smooth cash flow and cover ongoing operations without tapping longer-term debt. For a company like SalMar, it’s a straightforward way to align funding with near-term needs while keeping longer-term plans on track.
About SalMar ASA
SalMar ASA is one of the world’s leading salmon producers, recognized for efficient operations and a focus on sustainable practices. The company operates in Central Norway, Northern Norway, and Iceland, giving it a strong footprint across key aquaculture regions and a meaningful role in the industry’s development.
Operations and Development
SalMar’s operations span robust farming and modern harvesting technologies designed to support quality and scale. Through its subsidiary SalMar Aker Ocean, the company also explores offshore aquaculture, applying experience from its core business to advance more sustainable approaches at sea.
Looking Ahead
By issuing this commercial paper, SalMar ASA reinforces its financial flexibility. The funding can support investments and operational improvements while keeping the company positioned for measured growth. The intent is simple: maintain strength, act on opportunities, and continue building on a long-standing reputation in aquaculture.
Contact
For more details, investors and interested parties can contact Håkon Husby, Head of Investor Relations, at Tel: +47 936 30 449.
Frequently Asked Questions
How much did SalMar raise with the new commercial paper?
SalMar issued commercial paper totaling NOK 500,000,000 (NOK 500 million).
When does the commercial paper mature?
The maturity date is March 13, 2025.
What does a 5.13% coupon mean for investors?
The 5.13% coupon is the annual interest rate paid to holders of the commercial paper until it matures.
Where does SalMar operate and in what areas of aquaculture?
SalMar operates in salmon farming, harvesting, and offshore aquaculture, with significant operations in Central Norway, Northern Norway, and Iceland.
Who should I contact for investor-related questions?
Please contact Håkon Husby, Head of Investor Relations, at +47 936 30 449.
