IFS assists Dayseaday in refinancing, broadening existing bank financing facilities & new house bank

In February 2023, Dayseaday, completed the refinancing of all of its existing cash loans, asset-based working capital facilities and financing of capex investments and selected ING Bank as its new house bank. This refinancing will enable the expected growth outlined in the multi-year capital expenditure programme. The investments for refurbishment and new construction include improvements in the current production process through the conversion of existing premises in Urk, which will be equipped and adapted for salmon processing. The other expansion investments relate to the new construction of two new business premises (in Spakenburg and Romania). Integrated Finance Solutions (IFS) advised and guided Dayseaday throughout the refinancing process.

Dayseaday
Since 1987, Dayseaday, a family-owned business, has developed into a modern, versatile processor and a renowned trading partner for seafood products. In the years that followed, the company experienced strong growth. To facilitate this growth, a plot of land was purchased on the Schulpengat in Urk, which was then developed into a complex with 2,000 pallet spaces, a dispatch hall and a cold store. In 1997, Dayseaday split into Dayseaday Fresh B.V. and Dayseaday Frozen B.V., and the company grew into one of the world's leading fish processing companies. Through a number of acquisitions including Muijs Seafood, Oceanis, Bonesca and Urker Zeevishandel Gebr. Post, Dayseaday has expanded its geographical footprint and opened up new distribution channels.

Dayseaday has a wide range of different seafood products and the company operates on a global scale. Dayseaday's geographical footprint currently covers more than 50 countries. At present, Dayseaday is one of the largest fish processing companies in the Netherlands. Dayseaday has an extensive range of products, including more than two hundred variaties of fish, both wild and farmed fish and salt- and freshwater fish.The range of fish products includes both frozen and fresh fish products.

The refinancing gives Dayseaday the opportunity to achieve further (geographical) expansion in the coming years and to facilitate and sustain the growth & development of its business, both organically and through acquisitions.

More information?
For more information please contact Integrated Finance Solutions (IFS) at +31(0)30 7602110.