Auramet International has closed a $190 million syndicated financing deal. ING Capital as administrative agent, structured and arranged the revolving credit facility.
The lending syndicate is comprised of commodity finance banks including Rabobank, Macquarie, Mizuho USA, Brown Brothers Harriman, Bank of China and Bank Hapoalim. The transaction was oversubscribed and an increase over the last facility.
“Auramet is pleased to have renewed and increased this facility as it is important to our continued growth,” said Mark Edelstein, CFO of Auramet. “Liquidity is an important part of our success as a commodities trading company and ING continues to be a strong partner for us.” _x000D_
“ING appreciated the opportunity to lead Auramet’s syndicated transaction,” said Matthew Rosetti, managing director and head of Commodity Finance North America at ING. “Auramet continues to be very well positioned in the metals space and is a valued relationship for ING.”_x000D_
Auramet is a global physical precious metals merchant with more than $13 billion in annual revenues providing a full range of services to all participants in the precious metals chain.
