A-Mark Precious Metals executed the renewal of its existing $260 million credit facility, which consists of a $210 million revolving credit facility and a $50 million accordion feature.
The renewal will become effective on March 29, 2019 and mature on March 27, 2020.
Cooperative Rabobank acted as joint lead arranger and administrative agent/bookrunner on the transaction, while Natixis served as joint lead arranger and syndication agent.
“The renewal of our credit facility reflects the continued support of our growth strategy by our lending partners and provides us with sufficient liquidity to capitalize on attractive trading opportunities,” said A-Mark CEO Greg Roberts. “With this $260 million credit facility dedicated to our wholesale trading segment, along with the $100 million asset-backed securitization for our secured lending segment, we have impactful and cost-effective financing vehicles in place to more aggressively expand both areas of our business to new levels.”
A-Mark is a full-service provider of products and services to the global precious metals market.