Kaldvik Faces Increased Liquidity Pressure After Jellyfish Event Disrupts Production

• Kaldvik’s jellyfish event in Reyðarfjörður hurt biological production and finances, increasing short-term liquidity pressure and accelerating refinancing.
• A conditional refinancing agreement would increase financing commitments to approximately EUR 232 million from EUR 207 million, extending maturity to June 30, 2030.
• The financing requires an equity raise of at least EUR 97 million, expected in Q4 2026, yielding at least EUR 70 million net.
• Lenders extended the waiver period through December 17, 2026, subject to final shareholder-support documentation.
• Austur would guarantee up to EUR 25 million of revolving credit facility drawings above the borrowing base, subject to final documentation and conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kaldvik AS published the original content used to generate this news brief on October 29, 2026, and is solely responsible for the information contained therein.