Chilean salmon-farming firm Salmones Camanchaca has completed a strategic refinancing agreement with DNB Bank, Cooperative Rabobank U.A., and Banco Santander-Chile in a transaction that provides up to USD 140 million (EUR 120 million) in committed credit facilities, the company announced in a release.
The move will extend debt maturities and lower financing costs, further strengthening the company’s financial position, and is a sign of the market confidence in both Salmones Camanchaca’s financial resilience and the long-term growth prospects of Chile’s salmon-farming industry as a whole, the company said.
“This renewed support from tier-one global banks and industry specialists underscores the solid fundamentals of Chilean salmon and reaffirms the sector’s favorable long-term outlook,” Salmones Camanchaca Vice Chairman Ricardo Garcia said. “Despite regulatory challenges and ideological headwinds that have impacted competitiveness, global financial institutions continue to recognize the sector’s strategic role in ensuring global food security.”
One of the biggest benefits of the refinancing, according to the firm, is that it grants Salmones Camanchaca financial flexibility to pursue ongoing investments in efficiency, innovation, and sustainability.
Salmones Camanchaca’s parent company, industrial fishing and aquaculture firm Camanchaca, recently posted net profits in the first half of 2025 totaling USD 30 million (EUR 25.6 million) – an 8 percent increase compared to the USD 28 million (EUR 23.9 million) posted in H1 2024.
Consolidated revenues in the first half slipped 5 percent year over year to USD 425 million (EUR 363 million), mainly due to a 12 percent decline in Salmon division revenues to USD 221 million (EUR 189 million). The firm’s harvest of Atlantic salmon reached 24,038 metric tons (MT) whole fish equivalent (WFE) in the first six months of 2025, which was 12 percent higher than the 21,544 MT WFE harvested in the same period of 2024.
“The recovery of the company's performance is a reflection of the systematic work carried out over years to make our processes more efficient, but without losing effectiveness, and allow us to be prepared to take advantage of opportunities and face risks,” García said on the results.
