Icelandic bank Landsbanki, has announced to continue servicing North American frozen seafood company, High Liner Foods Incorporated. In a major tie up Landsbanki has become of High Liner’s three lenders under its working capital credit facility. Landsbanki has now provided all funds as requested by High Liner to date, and has confirmed that it intends to continue servicing High Liner’s loan.
It is fact that High Liner Foods Incorporated is a leading North American processor and marketer of prepared, value-added frozen seafood. High Liner’s branded products are sold throughout the United States, Canada and Mexico under the High Liner(R), Fisher Boy(R), Mirabel(R) and Sea Cuisine(TM) labels, and are available in most grocery and club stores.
The Company also sells its products to restaurants and institutions, and is a major supplier of private label seafood products to North American food retailers and food service distributors. IN this business contract al the future funding of High Liner’s will be provided by Landsbanki. The bank has said that it has read High Liner’s experience, perception of trends, current conditions and expected future developments as well as other factors.
