CLP advises Atlantic Sapphire on USD 121 million private placement
Atlantic Sapphire ASA has recently raised USD 121 in a private placement. The private placement attracted very strong interest and was priced equal to the closing price on Oslo Stock Exchange.
Atlantic Sapphire ASA has recently raised USD 121 in a private placement. The private placement attracted very strong interest and was priced equal to the closing price on Oslo Stock Exchange. The net proceeds from the private placement will, amongst other things, be used for partial financing of construction of Phase 2 of the company’s facility for salmon farming in Florida and acceleration of further expansion.
Atlantic Sapphire is the most advanced land-based salmon farming company in the world and is building the first and largest commercial RAS (Recirculating Aquaculture System) facility for salmon farming in the US.
The private placement took place through an accelerated book building process managed by Arctic Securities AS, BofA Securities, and DNB Markets, as joint global coordinators and joint bookrunners.
CLP congratulates Atlantic Sapphire ASA on the successful transaction!
CLP acted as legal advisor to Atlantic Sapphire ASA on the transaction, with a core team consisting of Edvard Cock, Joakim Gjerde, Axel Manø Juul and Anja Fanebust.
