Financing
Sustainable Financing
For SalMar it is important to secure financial flexibility through having good access to capital. This is ensured through SalMars sustainability-linked credit facilities and through the green bonds.
Credit Rating
SalMar has credit rating from Nordic Credit Rating, for more information and their latest rating reports please see their website
Credit Facilities
In August 2023 SalMar ASA entered into a sustainability linked senior unsecured credit facility agreement.
The agreement consists of two facilities:
- 3-year term loan of NOK 6 billion with no amortization in the period
- 5 year RCF of NOK 10 billion
Both facilities has an option of 1+1 year extension and there is accordion option of NOK 3 billion linked to the agreement.
The facilities are sustainability linked with four ESG KPIs included
- Survival rate
- Biological feed conversion ratio
- Share of local processing
- GHG emission intensity Scope 1+2+3
Green Bonds
SalMar ASA has issued three senior unsecured green bonds
| Amount | Issue | Maturity | Coupon |
| NOK 3,500 million | April 2021 | January 2027 | NIBOR3M + 135 bps |
| NOK 3,250 million | January 2025 | January 2030 | NIBOR3M + 115bps |
| NOK 1,100 million | January 2025 | January 2032 | NIBOR3M + 135bps |
SalMar has developed a framework for its green bonds describing the use of proceeds from the bonds, see below for more information.
In addition SalMar publishes annualy a report describing usage of the proceeds from the green bonds, see below for the latest reports.