The Kingfish Company operates a RAS (recirculating aquaculture system) facility in the Netherlands, farming yellowtail kingfish, and the group is also looking to build another farm in Maine, on the US Atlantic coast. The restructuring includes a €21m private placement, the conversion of an approximately €49m convertible loan into equity, and an amendment to the company’s senior lending facility, extending its maturity to April 2029 and recalibrating its covenants.