ING Capital led a $185 million syndicated financing on behalf of Auramet Trading and Auramet International, a precious metals merchant.

ING served as administrative agent for a syndicate that included Rabobank, Macquarie Bank, Mizuho Bank, Brown Brothers Harriman and Bank Hapoalim.

The facility includes a $50 million accordion feature which provides Auramet with the ability to increase the amount to $235 million. It also permits additional bilateral transactional credit facilities up to $75 million outside of the syndicated borrowing base deal. ING provides a $25 million bilateral line of credit for transactional borrowings as part of this feature.

“Auramet is very excited to have closed this transaction, which is an important step forward in the evolution of our bank financing,” said Mark Edelstein, CFO of Auramet. “Liquidity is the lifeblood of a commodities trading company and ING was the perfect partner for us on this transaction.”