Brim hf. has signed a syndicated senior secured loan facility of EUR 220 million to refinance previous loan facility. The lenders consist of three international banks: global food- and agribusiness bank Rabobank, Nordic based Nordea, and Norwegian DNB.

The terms of the loan facility consist of a five-year tenor with a 25-year instalment schedule. The sustainability-linked facility – with Rabobank acting as the Sustainability Coordinator – includes key performance indicators in line with Brim´s strategy and objectives, which the company has been reporting in accordance with GRI standards since 2017. The indicators include targets in relation to CO2 emissions in fishing as Brim is a global pioneer in such reporting.

The favourable financing of Brim confirms the company´s increased financial strength and a history of sound investments and prudent operations.