London, 2nd June 2026 – Abyss AS (“Abyss” or “the Company”), a specialist service vessel provider to the Norwegian aquaculture industry, has, together with Arcus Infrastructure Partners (“Arcus”), successfully completed a NOK 2.3bn refinancing with facilities provided by Nordea, Sparebank SMN, Sparebank Møre, and Sparebank Nordmøre.
The refinancing follows the acquisition of Frøy Akvaservice, which was completed in December 2025 and introduces an infrastructure-style senior debt package. The new facility includes a multi-year amortisation holiday and debt margins aligned with those achieved by leading wellboat operators. The refinancing replaces more traditional vessel loans and leases with a combination of corporate debt and capex facilities, providing greater financial flexibility to support the Company’s continued growth.
Mark Cresswell Head of Arcus’ Capital Markets Team commented: “Following the acquisition of Frøy Akvaservice, this refinancing represents a natural next step in strengthening Abyss’ capital structure. The move to an infrastructure-style debt package provides enhanced flexibility for growth and aligns the business with leading operators, supporting its long-term growth ambitions.”
Victor Jensen, CEO of Abyss, commented “We are grateful for the continued support of our Norwegian banking partners as we accelerate the growth of Abyss. Transitioning to an infrastructure financing package is a reflection of the highly contracted and resilient nature of our business and also provides access to further funding to facilitate our multi-year investment programme in the next generation of specialised service vessels.”
Abyss is the largest operator of specialised service vessels in the aquaculture industry, with a fleet of more than 60 vessels. The company provides a full-spectrum service offering, including standard and large service vessels, treatment vessels, as well as inspection and preparedness vessels. Abyss supports customers across Norway and Iceland through a well-established network of eight bases and offices.
Arcus and Abyss were advised on the transaction by SEB and Wiersholm. Thommessen acted as legal advisor to the lenders.
About Arcus
Arcus Infrastructure Partners is an independent fund manager focused solely on long-term investments in European infrastructure. Arcus invests on behalf of institutional investors through discretionary funds and currently manages €12.4bn of assets (as at 31 December 2025). Arcus targets mid-market, value-add infrastructure investments, with a particular focus on businesses in the digital, transport, logistics & industrials, and energy sectors. Further information on Arcus Infrastructure Partners can be found on www.arcusip.com.
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