Rabobank acted as administrative agent, bookrunner and joint lead arranger on the renewal of A-Mark Precious Metals’ existing $270 million credit facility, which consists of a $220 million revolving credit facility with a $50 million accordion feature. Natixis acted as joint lead arranger and syndication agent for the facility. The renewal will become effective on March 27, 2020 and matures on March 26, 2021.
“The renewal of our credit facility reflects the continued support by our lending partners and provides us with sufficient liquidity to operate in the current environment,” Greg Roberts, CEO of A-Mark, said. “We added an additional lender this year allowing us to increase the facility and expand our lender base. With this $270 million credit facility dedicated to our wholesale trading segment, and the $100 million asset-backed securitization for our secured lending segment, we have impactful financing vehicles in place to focus on growing our business to new levels.”
Founded in 1965, A-Mark Precious Metals is a precious metals trading company and wholesaler of gold, silver, platinum and palladium bullion and related products.