According to Multi X's CFO, José Ramón Gutiérrez del Pedregal, the refinancing secures the company's future development, with sustainability as a fundamental pillar.
Photo: Multi X.
Chilean salmon company Multi X announced that it has successfully completed the refinancing of its debt totalling USD 250 million. "This operation not only highlights the company's financial strength, but also the banking sector's confidence in its future performance and sustainable growth strategy," it stated.
In the release announcing the agreement, the company emphasized that the loan had been obtained under "favorable financial terms."
The transaction, in which four local and international financial institutions participated, was structured in two tranches.
Tranche A corresponds to a 5-year long-term amortizable loan for USD 180 million. Tranche B, meanwhile, corresponds to a revolving credit line with a term of 2.5 years, for USD 70 million, and is renewable.
Dutch international cooperative bank Rabobank, a world leader in agri-food financing, led the transaction, which was carried out in conjunction with DNB Bank, Norway's largest financial services group, which in Chile focuses on corporate banking, concentrating on key sectors including the salmon industry; BCI, Banco de Crédito e Inversiones, one of Chile's leading financial institutions; and Banco Santander-Chile, which, among other services, promotes loans linked to sustainability goals in the aquaculture industry.
"This refinancing not only reflects Multi X's financial strength and future cash generation capacity, but also allows us to continue with the deleveraging process and secure the necessary resources for the company's future development, with sustainability as a fundamental pillar," said José Ramón Gutiérrez del Pedregal, CFO of Multi X.
"I would like to thank Rabobank, DNB, BCI, and Santander for their trust and continued support for the growth of the industry," he added.
As mentioned, the refinancing agreement reached by Multi X with the four financial institutions refers to a sustainable loan, which means that it is linked to the fulfilment of certain established sustainability objectives and indicators.
The company noted that this feature not only reinforces Multi X's commitment to environmental, social, and governance (ESG) best practices but also highlights the growing market interest in investments that promote a positive impact on society and the environment.
Precisely, three of the four participating banks in the operation, DNB, Rabobank, and Santander, are also behind the long-term refinancing of another Chilean salmon farming company, Salmones Camanchaca, which obtained a loan of up to USD 140 million in September 2025.
Founded in Puerto Montt, Los Lagos region, in 1987, Multi X is one of Chile's leading salmon farming companies, consistently ranking among the top five largest in the country and often among the top three in terms of exports.
With more than 5,000 direct and indirect employees, it operates in five regions of the country with sustainable and innovative processes throughout its value chain.
The company stated that, with this refinancing, it reaffirms its leadership in the salmon industry, standing out for its long-term vision focused on sustainability and innovation, while continuing to drive its growth and expansion in the global market.