Kingfish producer enters into agreement with largest lender

The deal will also amend the existing senior facilities agreement The Kingfish Company has with its largest lender.

An SFA is a binding legal contract between a lender and a borrower that outlines the terms of a major loan or line of credit.

The company’s announcement said the key terms of the Amended SFA include an extension of the loan’s maturity by 24 months to April 2029; and revised financial covenants adjusted to reflect the company’s revised business plan and projected financial performance.

If successfully completed, the restructuring is expected to strengthen the company’s capital structure, reduce its financial leverage and enhance its liquidity position.

The Kingfish Company is one of Europe’s leading pioneer and leader in sustainable land-based aquaculture, specialising in the production of high-quality yellowtail kingfish.

It operates its flagship facility, Kingfish Zeeland, in the Netherlands with production is based on advanced recirculating aquaculture systems (RAS) that it says. ensure biosecurity and environmental control.

A couple of weeks ago, Kingfish published its 2025 financial report, which showed revenues up 29% to €35.8m (£31m).

CEO Vincent Erenst said that 2026 had also got off to a sound start with results demonstrating continued progress in its farming operations, with higher production volumes, improved eFCR and stronger overall biological performance.

 “We remain focused on further increasing production efficiency, and progressing towards positive EBITDA and operating cash flow, while continuing to serve our core European markets,” he added.