Scottish Salmon refinances with new £100 million five-year revolver

By Sarah Lizee

Olympia, Wash., Jan. 8 – Scottish Salmon Co. plc’s wholly owned subsidiary Scottish Salmon Co. Ltd. refinanced its banking facilities with a secured £100 million five-year multicurrency revolver with Cooperatieve Rabobank UA, DNB (UK) Ltd. and Nordea Bank Abp, according to a press release.

Scottish Salmon said the facility provides an increased and more flexible funding package to support the company's objective for growth, as well accommodating the variability in working capital requirements of the business.

The salmon farming business is based in Edinburgh.

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