Marine Harvest Closed EUR 350 Million Revolving Credit Facility

EU - Stolt-Nielsen S.A. (Nasdaq:SNSA) (Oslo:SNI) announced that Marine Harvest N.V., the joint venture of Stolt-Nielsen S.A. and Nutreco Holding N.V., has closed a five-year EUR 350 million unsecured revolving credit facility.

The facility was oversubscribed which enabled Marine Harvest to increase the facility size from EUR 300 million to EUR 350 million.

Marine Harvest will use the new credit facility to repay its shareholder loans and accrued interest to Stolt-Nielsen and Nutreco, and for general corporate purposes.

SNSA will receive approximately $65 million of principal repayment on the shareholder loan plus accrued interest.

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Source: BlackEnterprise

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