Reference is made to the stock exchange release 8 June 2026, 07:30 CEST. Grieg Seafood ASA (the "Company”) has today successfully completed a new perpetual green hybrid bond issue of NOK 750m with its first call date after 4 years and a coupon of 3 months NIBOR + 390bps, which entails an improvement of 185bps compared to the outstanding hybrid bond.
Settlement date is set to 22 June 2026. Net proceeds from the bond issue will be used for green projects as further defined by the Company's Green Bond Framework, including by way of refinancing existing obligations originally incurred to finance such green projects. The hybrid bond will be accounted for as equity in the balance sheet and constitute subordinated obligations for the Company.
The hybrid bond strengthens Grieg Seafood's liquidity, equity, and financial flexibility to pursue its ambitions for further investments and development of its Rogaland fish farming assets.
The investor presentation used in connection with the transaction (the "Presentation") has been published on the Company's website: https://investor.griegseafood.com/reports-&-presentations#other.
The Presentation provides information about the new strategy of Grieg Seafood which together with the transaction yielded a strong interest among all investor groups. The transaction was substantially oversubscribed.
Nordea acted as bookrunner in connection with the placement of the new hybrid bond issue.
For further enquiries, please contact:
Magnus Johannesen, CFO
Cell phone +47 959 13 243
About Grieg Seafood ASA
Grieg Seafood ASA is one of the world's leading salmon farmers. Our farms are located in Rogaland in Norway with our headquarter in Bergen, Norway. Grieg Seafood ASA was listed at the Oslo Stock Exchange in June 2007.
Sustainable farming practices are the foundation of Grieg Seafood's operations. The lowest possible environmental impact and the best possible fish welfare is both an ethical responsibility and drive economic profitability.
To learn more, please visit www.griegseafood.com
The information included in this announcement is publicly disclosed in accordance with section 5-12 of the Norwegian Securities Trading Act.
The stock exchange announcement was published by May Hansen, Executive assistant, Grieg Seafood ASA, on 11 June 2026 at 16:15 CEST.