Proximar Seafood secures extended and increased funding facility

Proximar Seafood AS announced today, December 23, 2025, that its JPY 750 million loan from JA Mitsui Leasing (JAML), originally due December 30, 2025, has been extended. This move addresses working capital requirements following an updated harvesting plan, as referenced in the company's Q3 2025 report.

In addition to the extension, the loan facility has been increased by an extra JPY 750 million. This brings the total loan amount to JPY 1,500 million, with the new maturity date set for December 24, 2026. Grieg Kapital AS continues its role as guarantor towards JAML, with an amended and restated guarantee agreement now in place.

Proximar Seafood, a Norwegian land-based salmon farming company operating in Japan, began inserting its first eggs in October 2022 and conducted its initial harvest on September 30, 2024. The company launched its "Fuji Atlantic Salmon" brand in October 2024.