Lakseselskap trenger 50–70 mill. – aksjen handelstanset

Proximar Seafood has announced that its stock has been delisted, pending a statement from the company. Shortly after receiving a warning that cash reserves have been depleted by the end of the current month, the company has disclosed a need for 50-70 million kroner in new financing through 2027. The Japanese subsidiary holds a bank loan of 8.8 billion yen, approximately 525 million kroner, which is due in November.

Banks are reportedly considering delaying the maturity to August 2027, according to the announcement. Proximar Seafood has not paid interest on a convertible bond loan of 40 million kroner, as reported. The company is in dialogue with key stakeholders to secure further financing. The root cause of the urgent financial crisis is lower-than-expected revenues, coupled with revised sales terms.

While discussions are ongoing, operations will be maintained under strict control. In July, the company announced that it had hired the Japanese investment bank Nomura to conduct a strategic review of the company in order to strengthen its capital structure. The company reported in May that lower-than-expected revenues in the second quarter would result in additional liquidity needs.