A-Mark Precious Metals, a leading fully integrated precious metals platform, closed a new three-year, committed $350 million credit facility led by CIBC Bank USA, replacing its existing $280 million credit facility. The new credit facility became effective on December 21, 2021 and matures on December 20, 2024. CIBC Bank USA acted as Administrative Agent, and Joint Lead Arranger.

“The new credit facility reflects the strong performance of our business and our capital partners’ confidence in the resiliency of our expanded vertically integrated model,” commented A-Mark CEO, Greg Roberts. “The upsizing to $350 million represents the largest revolving line in the company’s history as we added a number of new lenders to expand our lender base, while reducing our interest costs. With this new credit facility, the $100 million asset-backed securitization for our Secured Lending segment, and our significant access to repo and precious metals lease facilities, we believe we have significant access to attractively priced capital to continue executing on our growth strategy.”