A NOK 1,000m (expected) 5-year floating rate senior unsecured bond issue may follow, subject to inter alia market conditions. Net proceeds from the contemplated bond issue will be used towards the Group’s capital expenditures, general corporate purposes and redemption of remaining Class B Shares issued by the Issuer, including accrued dividends and interest.
For further information please contact:
Silje Bjerkestrand, CFO, Hofseth International AS
Email: sibj@hofseth.no
Mobile: +47 970 82 151
About Hofseth:
Hofseth is a leading Norwegian seafood company with a fully-integrated value chain. As the only salmonid farmer located in the attractive Storfjorden, Hofseth has a 20-year history of profitable and responsible growth. Today, the company farms ~16,000 tonnes and processes ~50,000 tonnes of salmonids, most of which is sold through the Group's distribution companies and partners across the globe.