Andfjord Salmon: Fixed income investor meetings

By Oslo Stock Exchange

19.10.2026 07:15:08 CEST | Andfjord Salmon | Inside information

Andfjord Salmon Group AS (Andfjord Salmon) has mandated Arctic Securities, Nordea, Pareto Securities and SB1 Markets as joint bookrunners to arrange a series of fixed income investor meetings commencing Tuesday, 20 October 2026. A senior secured bond issue of NOK 1,250 million may follow, subject to inter alia market conditions.

The net proceeds from the potential bond issue will be used to refinance the company's outstanding NOK 750 million ANDF01 bond (ISIN NO0013587246), including the applicable call premium, fund a DSRA (debt service reserve account) covering 12 months of the contemplated bond interest, completion of the project phase 2A and general corporate purposes.

Subject to completion of the contemplated bond issue, the company intends to exercise its call option to redeem in full all outstanding bonds in ANDF01 at the applicable call price in accordance with the bond terms.

In connection with the potential bond issue, Andfjord Salmon is releasing the following preliminary financial figures as of 30 September 2026:

* Term loan: NOK 900 million nominal

* Construction loan: NOK 300 million nominal (NOK 300 million undrawn)

* Overdraft facility: NOK 46 million (NOK 154 million undrawn)

* Lease liabilities: NOK 68 million

* Andøya Havn AS payable: NOK 5.5 million

* Cash and cash equivalents: NOK 36 million

* Investments in Kvalnes build-out during third quarter, excluding capitalized

finance cost: NOK 96 million

* Standing biomass: 2,580 million tonnes

* EBITDA excluding fair value adjustment (9M 2026): NOK -37.3 million

CONTACTS

* Investors: Bjarne Martinsen, CFO, Andfjord Salmon Group AS, +47 975 08 345,

bjarne.martinsen@andfjord.no

* Media: Martin Rasmussen, CEO, Andfjord Salmon Group AS, +47 975 08 665,

martin@andfjord.no

https://newsweb.oslobors.no/message/684260

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