Arctic Securities acted as Joint Bookrunner in relation to the Private Placement of NOK 783 million (approx. USD 90 million) in Atlantic Sapphire AS. The net proceeds will be used for (i) advancement of the US "phase 2a" build-out, (ii) repayment of bridge loan, (iii) upgrades, cost-overruns and budget omissions, and (iv) higher US “phase 2a” equity share of financing and/or for other strategic investment opportunities. The transaction was significantly oversubscribed.
We are grateful for the vote of confidence and look forward to follow Atlantic Sapphire on its path to sustainably produce significant volumes of salmon in its Bluehouses.