Arias, Fábrega & Fábrega acted as Panamanian counsel to Marine Harvest ASA (OSE:MHG), one of the largest seafood companies in the world and the world’s largest producer of Atlantic salmon, in connection with senior secured five-year EUR €1,206 million multicurrency revolving credit facility with ABN AMRO Bank N.V., Coöperatieve Rabobank U.A., Danske Bank A/S, DnB Markets, a part of DNB Bank ASA, Nordea Bank AB (publ), Filial I Norge Investment Banking, and Skandinaviska Enskilda Banken AB (publ) as arrangers, and DNB Bank ASA as agent.

The facility agreement includes an accordion increase option, which provides flexibility for the parties to agree an increased size of the facility agreement by an additional EUR €200 million during the five-year term. The principal financial covenant of the facility agreement is an equity ratio of minimum 35% and remains unchanged to the existing bank loan.