Understanding reached with bondholders

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Aker BioMarine has negotiated a solution with its bondholders to refinance the company’s NOK 750 million bond loan, which matures in May 2010. As previously announced, Aker will convert into equity its net receivables that are payable by Aker BioMarine, while the other bondholders have accepted a three-year extension of the loan’s maturity date for the remaining NOK 305 million of the loan in return for a 0.25 percentage point increase in the loan interest they will receive, provided that Aker issue a payment guarantee.

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Record exports of Norwegian Cod in February

  • Post category:News

Norway’s exports of groundfish including clipfish, salted fish and stockfish totalled NOK 967.4 million in February. This is an increase of 8% or NOK 69.2 million compared with February 2009. The volume of exports increased by 17% or 5,700 tonnes to a total of 38,555 tonnes, according to the latest figures from the Norwegian Seafood Export Council. The increases are attributable to record exports of both fresh and frozen Norwegian Cod products.

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