SalMar ASA Announces Significant New Commercial Paper Issue

Author: Olivia Taylor Updated: 09-10-2024 03:00 PM

SalMar ASA Issues New Commercial Paper

SalMar ASA has entered a new phase of financial strategy with the issuance of a commercial paper valued at NOK 500,000,000. This strategic move reflects the company’s commitment to enhancing its market presence and finance operations effectively.

Key Financial Details of the Issuance

The commercial paper was issued with an attractive coupon of 5.13% per annum, reflecting the company's strength in the financial market. The issuance took place recently, establishing a maturity period until March 2025.

Understanding Commercial Paper

Commercial paper is a short-term financial instrument that companies utilize to receive immediate capital. It can be a vital tool for managing cash flow and financing ongoing operations, making it an important aspect of corporate finance.

About SalMar ASA

SalMar ASA stands as one of the leading players in global salmon production, recognized for its efficient and sustainable practices. With operations spanning Central Norway, Northern Norway, and Iceland, SalMar's influence in the aquaculture industry is significant.

Operations and Development

The vibrant aquaculture environment nurtured by SalMar includes robust farming operations and sophisticated harvesting technologies. Furthermore, through its subsidiary SalMar Aker Ocean, the company ventures into offshore aquaculture, advancing sustainable practices in the industry.

Future Prospects

With this recent commercial paper issuance, SalMar ASA strengthens its financial standing, enabling new investments and operational enhancements. The company's strategic approach allows it to capitalize on growth opportunities while maintaining its long-standing reputation in the industry.

Contact Information

For further inquiries or detailed information, investors and interested parties can reach out to Håkon Husby, Head of Investor Relations, at Tel: +47 936 30 449.

Frequently Asked Questions

What is the amount of the new commercial paper issued by SalMar?

The new commercial paper issued by SalMar is valued at NOK 500 million.

What is the maturity date for SalMar's newly issued commercial paper?

The maturity date for the newly issued commercial paper is March 13, 2025.

What does the coupon rate of 5.13% signify?

The coupon rate of 5.13% indicates the annual interest that SalMar will pay to the commercial paper holders.

In what sectors does SalMar operate?

SalMar operates in salmon farming, harvesting, and offshore aquaculture, with significant facilities in Norway and Iceland.

How can I contact SalMar for more information?

You can contact Håkon Husby at +47 936 30 449 for more information regarding Investor Relations.

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