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Kaldvik AS secures long-term refinancing and extends waiver amid liquidity pressure from jellyfish event

Company Fundamentals
30 Oct 2026, 01:35 WIB
GlobeNewsWire
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Neutral
Kaldvik AS secures long-term refinancing and extends waiver amid liquidity pressure from jellyfish event

Kaldvik AS has reached an agreement with lenders to extend its financing facilities to June 2030, increasing total credit commitments to approximately EUR 232 million. This refinancing follows liquidity challenges caused by a jellyfish event impacting biological production. The company also secured shareholder guarantees and plans an equity raise of at least EUR 97 million in Q4 2026 to support its strategy focused on improving production and reducing biological risks. The waiver period with lenders is extended to December 17, 2026, allowing more time to finalize agreements and implement the long-term financing plan.

Kaldvik AS refinancing update provides context for Basic Materials sector trading on Pluang. For readers following Basic Materials, here is Pluang's market snapshot as of Oct 30, 2026 04:11 WIB: of 83 priced US stocks, 27 rose and 56 fell. Notable movers include AGI at USD 28.90 with a -8.75% change, KGC at USD 21.50 with -6.44% and a 52% sell order activity, and CRS at USD 297.65 with +6.30%.

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