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Proximar Seafood AS ( (DE:84Q) ) just unveiled an announcement.
Proximar Seafood AS has secured an extension and increase of its loan facility with JA Mitsui Leasing, a move that supports the company’s working capital needs following its updated harvesting plan. The existing JPY 750 million loan due on 30 December 2025 has been extended and doubled to a total of JPY 1.5 billion, with the new maturity date set for 24 December 2026, while Grieg Kapital AS remains as guarantor under an amended and restated guarantee agreement. This refinancing strengthens Proximar’s short- to medium-term liquidity and underpins continued operations at its land-based salmon facility in Japan as it ramps up production and market presence.
More about Proximar Seafood AS
Proximar Seafood AS is a Norwegian land-based salmon farming company with its first facility located at the foot of Mount Fuji in Japan. Using high-quality groundwater near one of the world’s most important fish markets, the company produces fresh Atlantic salmon under the Fuji Atlantic Salmon brand, emphasizing same-day harvest, reduced logistics costs, and a lower carbon footprint for the Japanese market.
Average Trading Volume: 1,038,356
Current Market Cap: NOK360.1M
See more insights into 84Q stock on TipRanks’ Stock Analysis page.