Macquarie Group Leads $300 Million Syndicated Financing for Precious Metals Merchant Auramet
11 July 2024 - 8:30PM
Business Wire
Auramet International, Inc. (“Auramet”), a leading precious
metals merchant, is pleased to announce that it has closed a $300
million syndicated revolving credit facility (the “Facility”) led
by Macquarie Group (“Macquarie”). 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.
The Facility was oversubscribed through the existing bank group
that includes Co�peratieve Rabobank U.A., N.Y. Branch, HSBC Bank
USA, N.A., Commonwealth Bank of Australia, Wells Fargo Bank, CIBC
Bank USA, and Brown Brothers Harriman & Co.
“Auramet’s core value includes building and maintaining client
relationships using a wealth of industry knowledge and experience,
while providing the highest level of customer service and attention
and seeks banking relationships that mirror its client
relationships. The consistently strong support of our banks over
our 20-year history is a testament to our long-standing
relationships. Liquidity is vital to our business and our bank
group is comprised of the most knowledgeable and responsive bankers
in the commodity finance business.” – Mark Edelstein, Auramet
CFO
“We are proud to lead the efforts in financing Auramet’s global
precious metals merchant business. As a leader in commodity
financing, Macquarie provided vital liquidity in collaboration with
the financial institutions that comprise Auramet’s bank group,”
commented John Spillane, Senior Managing Director in Macquarie’s
Commodities and Global Markets business.
About Auramet
Auramet is a global physical precious metals merchant with over
$20 billion in annual revenues, providing a full range of services
to all participants in the precious metals chain, from extraction
and production to manufacturing and consumption. Auramet is a
private company established in 2004 by a cadre of seasoned industry
professionals who have assembled a global team of industry
specialists with over 350 years combined industry experience.
Auramet’s business consists of three main activities: physical
metals trading, metals merchant banking (including direct lending
and operating an affiliated investment vehicle), and advisory
services. The company has built a consistently successful and
prominent franchise in the metals space on the back of an
experienced management team that has proven to be innovative and
capable of delivering the highest quality service to participants
in the sector. Auramet is also proud to have been awarded a Gold
Medal for its ESG commitment for two consecutive years by EcoVadis,
the world’s largest and most trusted provider of ESG ratings with a
network of more than 90,000 rated companies.
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