SalMar expands commercial paper programme with an additional tap
SalMar ASA has increased its short-term funding by tapping an existing commercial paper, bringing the total outstanding amount to NOK 1 billion. The company, which holds a BBB+ credit rating from Nordic Credit Rating, continues to use the commercial paper market to support day-to-day needs and broader corporate plans.
What the new tap adds
The latest tap totals NOK 500,000,000 and is issued under the commercial paper identified by NO0013334847. By adding to an existing line rather than launching a new one, SalMar keeps its financing simple and consistent while aligning funding with current operational priorities.
Key terms at a glance
The tap carries a coupon of 5.13% per annum. Settlement is scheduled for 13 September 2024, and the paper matures on 13 March 2025. The timeline is clear, giving investors a defined six-month window between settlement and maturity.
DNB Markets’ role
DNB Markets acted as manager for this transaction. Their mandate covered arranging and executing the tap issue, drawing on market experience to complete the process efficiently.
Who to contact
Questions from investors can be directed to SalMar’s Head of Investor Relations, Håkon Husby, at +47 936 30 449.
Disclosure and regulation
As a listed company, SalMar ASA follows the disclosure requirements of the Norwegian Securities Trading Act. This commitment to timely and accurate information helps keep the market—and you—properly informed.
Why commercial paper matters
Commercial paper is short-term debt. It helps companies manage cash needs and operational costs without locking into longer, more expensive financing. For an issuer, it’s a flexible tool; for investors, it’s a defined-term investment with stated terms and a clear maturity date.
In sum
By tapping its existing commercial paper to lift the total to NOK 1 billion, SalMar ASA reinforces a straightforward message: keep funding resilient, keep options open, and match financing to near-term needs. It’s a practical step that supports ongoing operations and future plans—quietly, effectively.
Frequently Asked Questions
What did SalMar announce?
SalMar ASA tapped an existing commercial paper for NOK 500 million, bringing the total outstanding amount on that paper to NOK 1 billion.
What are the main terms of this tap?
The paper pays a 5.13% annual coupon, settles on 13 September 2024, and matures on 13 March 2025.
Which instrument was tapped?
The tap was completed under the commercial paper identified by NO0013334847.
Who managed the transaction?
DNB Markets served as the manager, arranging and executing the tap issue.
How can I get more information?
Contact Håkon Husby, Head of Investor Relations at SalMar, on +47 936 30 449.
