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News 16 Jun 2025 · Norway

CMS Kluge has advised Mowi ASA with the entering into a new EUR 2,600 million sustainability-linked facility

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CMS Kluge is proud to have served as lead legal counsel to Mowi ASA in the successful refinancing of the Group’s existing bank facilities. The transaction involved the establishment of a new five-year, secured, sustainability-linked multicurrency revolving credit facility totalling EUR 2,600,000,000. An accordion feature is included in the facility, allowing for a potential increase of up to EUR 400,000,000 during its term, providing additional flexibility for Mowi.

The facility was arranged with a consortium of seven banks: DNB, Nordea, Rabobank, ABN, Danske Bank, SEB and Crédit Agricole.

This facility is a key step in supporting Mowi’s ambition to achieve 100% green or sustainable financing. The interest rate is directly linked to Mowi’s performance on specific sustainability KPIs, in line with the company’s broader ESG strategy.

The core CMS Kluge team advising on the transaction comprised Ida Johanne Bohmann, Snorre Haukali, and Anne Louise Finnerud.

Read Mowi’s press release here

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