Croatian seafood company Kali Tuna, a subsidiary of Umami Sustainable Seafood, announced it had secured a new loan for HRK 60 million (USD 10.5 million, EUR 8 million).
The company recently finished paying off a loan for the same amount, and have secured the new loan to keep cash available.
“This credit facility is an important agreement for Umami and Kali Tuna and it improves our liquidity position,” said Timothy Fitzpatrick, Umami’s chief financial officer.
The company secured the first part of the loan in Japanese yen, a total of JPY 860 million (USD 8.6 million, EUR 6.5 million). The remainder will be in Croatian Kuna.
