Nordic Halibut AS (NOHAL) announced the successful securing of NOK 230 million in financing for its new land-based facility in Tingvoll. The financing enables NOHAL to realize phase two of the Company's growth plan to 10,350 tonnes HOG within 2031, more than doubling existing production capacity. The construction financing for the facility of NOK 230 million is secured with Sparebank 1 SR-Bank and Sparebank 1 Nordmøre, in a syndicated deal with SR-Bank as agent.

The long-term financing, scheduled for implementation upon facility completion, have been established with Innovation Norway, Eksfin, Sparebank 1 SR-Bank and Sparebank 1 Nordmøre. Situated in close proximity to the established production hub at Nordmøre, the Tingvoll facility will play a crucial role in mitigating risks associated with future production cycles. Distributing early-phase production across multiple locations will notably enhance the robustness of the production process.

Situated in close proximity to the established production hub at Nordmøre, the Tingvoll facility will play a crucial role in mitigating risks associated with future production cycles. Distributing early-phase production across multiple locations will notably enhance the robustness of the production process.