This report does not constitute a rating action. TORONTO (S&P Global Ratings) Oct. 28, 2026--S&P Global Ratings today said that High Liner Foods Inc.'s (B+/Stable/--) announcement that it has entered into a definitive agreement to be acquired by Japanese seafood and marine-protein producer Umios Corp. has no impact on our ratings or outlook on the company. We could discontinue our ratings on High Liner, including the'B+'issuer credit rating, once the acquisition closes. The transaction, which Umios will fully finance with cash, values the company at approximately C$804 million on a fully diluted equity basis and C$1.25 billion on an enterprise value basis. As of July 4, 2026, High Liner had $338 million in outstanding credit facilities (excluding deferred
