While long-term debt financing to secure completion of NL phase 2 is in advanced
stages, a bridge facility of EUR10m from Rabobank has been secured to assure
continuous development of the Netherlands expansion.
With current low levels of debt leverage, The Kingfish Company continues to work
on increasing debt financing for its operations and development in the
Netherlands. Further updates on securing longer-term debt will be communicated
in due course.
For media and investor inquiries, please contact
press@the-kingfish-company.com
ir@the-kingfish-company.com
Company News feed
https://www.the-kingfish-company.com/news
About The Kingfish Company
The Kingfish Company is a pioneer and leader in sustainable land-based
aquaculture. Current annual production capacity at its Kingfish Zeeland facility
in the Netherlands is 1,500 tons of high quality and high value Yellowtail
Kingfish.
Expansion is underway and capacity in the Netherlands will reach 3,500 tons in
the second half of 2022. In the US, permitting for the company's 8,500 tons
capacity facility is progressing as planned.
Production is based on advanced recirculating aquaculture systems (RAS), which
protect biodiversity and ensure biosecurity. Animal welfare is paramount, and
the fish is grown without use of antibiotics and vaccines. Operations run on 100
percent renewable energy, sourced from wind, solar and biogas. The company's
facilities operate on sea water, avoiding wasting of precious fresh water.
The Kingfish Company's main product at present, the Yellowtail Kingfish (also
known as Ricciola/Hiramasa/Greater Amberjack) is a highly versatile premium fish
species, well known in the Italian and Asian fusion cuisines.
Its products are certified and approved as sustainable and environmentally
friendly by Aquaculture Stewardship Council (ASC), Best Aquaculture Practices
(BAP) and British Retail Consortium (BRC). It was the winner of the 2019 Seafood
Excellence Award, and it is recommended as green choice by Good Fish Foundation.