Norcod secures overdraft facility from DNB to enable further growth

Trondheim, Norway-based aquaculture venture Norcod has entered into a NOK 75 million (USD 7.1 million, EUR 7.3 million) overdraft facility with DNB. The GlobalG.A.P.-certified producer is planning to use the facility to further invest in its production at sea and to build up biomass. In a Euronext Growth Oslo filing, Norcod said the credit agreement with Norway’s largest bank secures the financing of its operations for the upcoming 12 months and also that the agreement is a “significant further…

Photo courtesy of Norcod