-+ 0.00%
-+ 0.00%
-+ 0.00%

Proximar Seafood Plans NOK100 Million Convertible Bond Offering

MT Newswires·07/10/2026 02:37:58
Listen to the news
02:37 AM EDT, 07/10/2026 (MT Newswires) -- Proximar Seafood (PROXI.OL) intends to launch a private placement of a 100 million-Norwegian-krone convertible bond with expected maturity in July 2029. The bond will be offered in tranches, with the first 75 million-krone leg for new subscriptions and 25 million kroner for the rollover of the company's existing convertible bond, the land-based salmon farming company said Friday. The company plans to use the proceeds to fund working capital and operations and enhance its liquidity buffer.