Public offering of shares in Iceland Seafood International

Kvika advises on financing and development of Húsafell

Friday 01. apríl 2016

Húsafell Resort ehf. has finalised financing in the amount of ISK 1,100m for continued development of tourism-related services in Húsafell.

Currently at Húsafell are a high-quality hotel, restaurants, a swimming pool, a golf course, camping grounds, and a vacation home community.

The expansion of Hótel Húsafell is now underway, and forthcoming is a recreation centre that will provide recreational facilities and additional services at Húsafell.

Kvika acted as adviser to Húsafell owners for the transaction. The financing was in the form of a share capital increase plus long-term financing provided by Landsbankinn.

Following the transactions, Húsafell Resort ehf. owners Bergþór Kristjánssonar and Hrefna Sigmarsdóttir have joined forces with a company owned by Ómar Benediktsson, Finnur Reyr Stefánsson, Tómas Kristjánsson, and Jón Diðrik Jónsson, which now owns 50% of share capital in Húsafell Resort ehf.