A-Mark Precious Metals renews $225 million line of credit

By Wendy Van Sickle

Columbus, Ohio, Aug. 18 – A-Mark Precious Metals, Inc. renewed and replaced its $225 million syndicated line of credit, according to a press release on Friday.

There is a $50 million accordion option.

Rabobank is the lead arranger, bookrunner and administrative agent.

Natixis is the syndication agent.

A-Mark will use proceeds to purchase precious metals from suppliers and for general corporate purposes.

“This facility meets our current liquidity requirements and, if needed, provides additional capacity, so that we are well positioned to realize our full earnings potential when we see increases in market volatility and customer demand,” A-Mark chief executive officer Greg Roberts said in the release.

A-Mark is a precious metals dealer based in Santa Monica, Calif.

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