A-Mark Precious Metals renews $210 million line of credit

By Sarah Lizee

Olympia, Wash., March 20 – A-Mark Precious Metals, Inc. renewed its $210 million syndicated line of credit, to a press release.

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.

"The renewal with our existing bank facility partners reflects their support of A-Mark’s long-term strategy to scale and diversify our business,” chief executive officer Greg Roberts said in the release.

“This new facility is targeted to our current liquidity requirements, taking into account our other financing resources. We continue to assess other sources of cost-effective capital as we look to further expand our platform of products and services.”

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.