Proximar Seafood plans NOK 100 million convertible bond private placement

• Proximar plans a private placement of a convertible bond with a minimum initial tranche of NOK 100 million.
• Tranche includes at least NOK 75 million of new subscriptions, NOK 25 million rolled over from an existing convertible bond.
• Proceeds earmarked for working capital, operations, liquidity buffer; also supports extending the company’s debt maturity profile.
• Bond terms include July 2029 maturity, NOK 0.6 conversion price, 13% PIK coupon in year one, then 15% PIK or 7% cash.
• Transaction remains conditional on orders, shareholder approval, existing bondholder consent, certain conditions from Grieg Kapital.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Proximar Seafood AS published the original content used to generate this news brief on July 10, 2026, and is solely responsible for the information contained therein.