Syndicated Revolving Credit Facility worth $350 Million successfully closed under Auramet's name

In a significant move, Auramet International, a leading player in the precious metals merchant industry, has successfully closed a $350 million syndicated revolving credit facility. This facility, which complements Auramet's existing bilateral banking facilities, will provide the company with additional capacity to meet the needs of its clients.

Kimberly Oates, Auramet's Chief Financial Officer, emphasized the importance of liquidity in the industry and highlighted that this syndication will bolster Auramet's capabilities in this regard. Oates added that the company's relationships and industry knowledge, forged over its 21-year history, are the foundation of its success.

The facility was led by Macquarie Group, a leader in commodity financing. John Spillane, Senior Managing Director in Macquarie's Commodities and Global Markets business, expressed satisfaction in providing the Facility to support Auramet's global precious metals merchant business. Macquarie's Commodities and Global Markets business acted as Mandated Lead Arranger, Bookrunner, and Administrative Agent for the Facility.

Macquarie's previous involvement with Auramet includes leading a $300 million syndicated revolving credit facility for the company, which was also well oversubscribed. The existing bank group for Auramet includes Coöperatieve Rabobank U.A., N.Y. Branch, HSBC Bank USA, Commonwealth Bank of Australia, Wells Fargo Bank, CIBC Bank USA, and Brown Brothers Harriman & Co. For this facility, Natixis, New York Branch has been added to the bank group.

The facility was well oversubscribed, a testament to the confidence that financial institutions have in Auramet. Kimberly Oates underscored that Auramet pairs its market understanding with experienced and responsive bankers in the commodity finance business to deliver the highest level of service to its clients. By doing so, Auramet aims to navigate market conditions effectively and meet the evolving needs of its clients.

The name of the bank that most recently acted as Mandated Lead Arranger for Auramet International's syndicated revolving credit facility in the past two years is not publicly available. However, it is clear that Auramet's strategic partnerships and robust financial infrastructure continue to position the company as a reliable player in the precious metals merchant industry.

Syndicated Revolving Credit Facility worth $350 Million successfully closed under Auramet's name