While long-term debt financing to secure completion of
NLphase 2 is in advanced stages, a bridge facility of EUR10mfrom Rabobankhas been secured to assure continuous development of the Netherlandsexpansion. With current low levels of debt leverage, The Kingfish Companycontinues 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 [email protected] [email protected] Company Newsfeed https://www.the-kingfish-company.com/news About The Kingfish Company The Kingfish Companyis a pioneer and leader in sustainable land-based aquaculture. Current annual production capacity at its Kingfish Zeeland facility in the Netherlandsis 1,500 tons of high quality and high value Yellowtail Kingfish. Expansion is underway and capacity in the Netherlandswill 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'smain 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.
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