Auramet International closed a $275 million syndicated revolving credit facility led by Macquarie Bank Limited. Macquarie acted as Mandated Lead Arranger, Bookrunner and Administrative Agent for the Facility, which was well oversubscribed. The Facility complements Auramet’s various bilateral banking facilities.

Auramet was pleased to expand its lender group to include Wells Fargo Bank. The Facility also includes previous participants Coöperatieve Rabobank U.A., N.Y. Branch, HSBC Bank USA, Commonwealth Bank of Australia, CIBC Bank USA, and Brown Brothers Harriman & Co.

“Access to liquidity is an important factor in our success as a commodity trading company as it enables us to anticipate and adapt rapidly to constantly changing market conditions. The continued strong support of our banks is an important part of our business and Auramet appreciates the long-standing relationships we have with experienced and responsive bankers that understand our markets.” – Mark Edelstein, Auramet CFO