Hilco Corporate Finance (HCF) announced the sale of Kataman Metals to Pedalpoint Holdings, the US subsidiary of Korea Zinc, the world's largest lead and zinc smelter. HCF served as the exclusive sell-side financial advisor to Kataman in the...
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Capstone Copper amended its existing revolving credit facility to increase the aggregate commitments from $600 million to $700 million and extend the maturity from May 2026 to September 2027. The Amended Credit Facility will bear interest on a...
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September 25, 2023, 07:50 AM
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Sierra Metals has finalized the definitive agreement with Banco de Credito del Peru and Banco Santander S.A. to refinance $18.75 million out of the $25 million principal debt repayment obligations that were originally due in 2023 under the Company’s...
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Ramaco Resources announced that its principal bank lender, KeyBank, has amended the Company's existing revolving credit agreement to increase the overall commitments under the Facility to $125 million. The Facility also provides the Company an...
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February 21, 2023, 07:47 AM
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Gatos Silver extended the maturity date and re-established a credit limit of US$50 million in an amended and restated revolving credit facility with Bank of Montreal (“BMO”). The Revolver includes an accordion feature providing up to an additional...
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December 21, 2022, 07:25 AM
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Fortuna Silver Mines amended its existing senior secured revolving credit facility with BNP Paribas, The Bank of Nova Scotia, Société Générale and other financial institutions and lenders, to increase the maximum facility amount by US$50 million to...
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December 16, 2022, 07:23 AM
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LSQ expanded its relationship with Wilson Creek Energy by originating a $15 million credit facility for the Pennsylvania-based metallurgical coal producer. The company will use the additional capital to expand their operations and take on new clients...
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September 01, 2022, 07:00 AM
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Bear Creek Mining entered into a promissory note (the "Note") with Auramet International ("Auramet") in connection with a one-year USD $5.0 million loan facility.Anthony Hawkshaw, Chief Executive Officer of Bear Creek states, "The proceeds of the...
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August 01, 2022, 07:46 AM
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Capstone Copper closed the amendment and extension of the Capstone corporate revolving credit facility ("RCF") from $225 million to $500 million plus $100 million accordion and extended the RCF by four years to May 12, 2026. Upon closing of the RCF...
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Ferroglobe PLC closed a new, five-year $100 million North American asset-based revolving credit facility (the “ABL Revolver”), involving Ferroglobe’s subsidiary, Globe Specialty Metals, Inc. (“Globe”), and its wholly owned North American subsidiaries...
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Marathon Gold Corporation closed a 6.5 year US$185 million term loan credit facility with Sprott Private Resource Lending II (Collector-2) LP (“Sprott”). The proceeds of the Facility are to be used for the construction, development and working...
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TAB Bank provided a foundry in New York with an $7 million asset-based credit facility. The new facility is based on a multi-year agreement and will provide for the company’s ongoing working capital needs.The company designs and manufactures high...
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January 25, 2022, 07:36 AM
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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...
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December 22, 2021, 07:33 AM
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Huntington Business Credit closed a new $25,000,000 credit facility with Ames Copper Group, LLC on November 19, 2021. Proceeds of the facility were used to finance start-up expenses and to provide ongoing working capital growth...
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December 08, 2021, 07:55 AM
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MAG Silver Corp. signed a binding commitment letter with the Bank of Montreal (“BMO”) for a fully underwritten US$40 million revolving credit facility. Closing of the Facility is expected to occur by mid-December 2021 and is subject to the...
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November 15, 2021, 07:47 AM
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Sandstorm Gold increased its revolving credit agreement allowing the Company to borrow up to $350 million, incorporating sustainability-linked performance targets to establish an Environment, Social, and Governance ("ESG") linked credit facility...
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October 07, 2021, 07:22 AM
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Pretium Resources amended its existing credit facility on favorable terms, increasing the Loan Facility size to US$350 million from its current US$300 million. The Amended Loan Facility is comprised of a US$100 million non-revolving term credit...
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August 11, 2021, 07:00 AM
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ING Capital led a $300 million syndicated financing on behalf of Auramet Trading and Auramet International, a precious metals merchant. ING acted as Mandated Lead Arranger, Bookrunner and Administrative Agent on the oversubscribed deal, which closed...
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August 09, 2021, 07:24 AM
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IBC Advanced Alloys Corp. entered new credit facilities (the “Credit Facilities”) of up to $8,000,000 established pursuant to (a) a credit and security agreement among Iron Horse Credit, LLC and certain of the Company’s U.S. subsidiaries and (b) an...
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Newmont Corporation executed an industry-leading $3.0 billion sustainability-linked revolving credit facility. The credit facility includes a pricing feature based upon third-party sustainability performance measures and includes overall improved...
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Centerra Gold entered into a new $400 million four-year revolving credit facility plus a $200 million accordion feature. The Credit Facility is led by The Bank of Nova Scotia, National Bank Financial Markets and HSBC Canada Bank and is supported by a...
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January 05, 2021, 08:00 AM
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Victoria Gold Corp. entered into a credit agreement with a syndicate of banks, comprised of Bank of Montreal, as Joint Bookrunner, Co-Lead Arranger and Administrative Agent, CIBC, as Joint Bookrunner and Co-Lead Arranger, and BNP Paribas, as Co-Lead...
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December 22, 2020, 08:00 AM
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Battle North Gold Corporation has executed a binding commitment letter with Macquarie Bank Limited for a senior secured term loan facility of US$40 million to be used to fund the construction of the 100%-owned, shovel-ready Bateman Gold Project in...
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December 22, 2020, 06:00 AM
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Gerald Group (Gerald), the world's largest independent, employee-owned metals trading house, is pleased to announce the renewal of its North American syndicated borrowing base credit facility. Despite global market challenges resulting from the COVID...
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October 06, 2020, 08:55 AM
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ING Capital LLC led a $300 million syndicated financing on behalf of GT Commodities LLC, the North American trading hub for Gerald Group, the world's largest employee owned metals merchant. The deal closed on October 4, 2019. ING, as Administrative...
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October 09, 2019, 08:35 AM
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SSG Capital Advisors, LLC (SSG) acted as the investment banker to Republic Metals Corporation and its affiliates (RMC) in the sale of substantially all of their assets to Asahi Holdings, Inc. (Asahi). The sale was effectuated through a Chapter 11...
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Republic Metals Refining Corporation, a Florida-based provider of precious metals refining services, has asked a bankruptcy judge to approve the sale of the company "Free and Clear of All Liens, Claims, Rights, Interests and Encumbrances"...
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December 27, 2018, 08:00 AM
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White Oak Asset Finance GP, LLC (WOAF), an affiliate of White Oak Global Advisors, LLC (White Oak), announced it has committed £90 million to British Steel Limited, a leading UK-based, fully-integrated producer of carbon steel. Proceeds of the...
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Monroe Capital LLC announced an increase in the credit facility to Prototek Sheetmetal Fabrication (Prototek) to support the acquisition of Hayes Manufacturing Services, Inc. (Hayes). Prototek is an existing portfolio company of CORE Industrial...
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Tree Island Steel Ltd. announced that it has successfully renewed its senior banking facility on more favorable terms with Wells Fargo Capital Finance Corporation Canada. The five year Senior Secured Revolving Facility has been increased to $80...
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Steel Dynamics, Inc. announced that it has amended and extended its senior secured revolving credit facility. The Company renewed its $1.2 billion credit facility and extended the maturity date an additional five years to June 28, 2023."We are...
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A. M. Castle & Co., a global distributor of specialty metal and supply chain solutions, announced that it has closed an expansion of its existing credit facility to increase its borrowing capacity by $25 million.Specifically, Castle reached an...
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MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $11,575,000 senior credit facility to Wichita, Kansas-based 3P Processing, Inc. (3P). 3P is a full service provider of metal finishing, testing and...
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Sterling National Bank provided senior secured credit facilities totaling $10,600,000 to Donsco, Inc.
Founded in 1906, Donsco manufactures and sells machined iron castings out of two foundries. Located in Wrightsville, PA, Donsco makes manifolds...
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MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $30,000,000 senior credit facility to Foley, Alabama-based Vulcan, Inc..
Vulcan was formed in 1966 and operates as one of the only completely vertically...
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February 21, 2018, 07:04 AM
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Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Prototek Sheetmetal Fabrication by Chicago-based private equity sponsor CORE Industrial...
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December 13, 2017, 07:13 AM
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MB Business Capital, a division of MB Financial Bank, N.A., announced that it recently provided a new $7,500,000 senior credit facility to Paramus, New Jersey-based Salem Steel NA, LLC (Salem Steel). Salem Steel is an importer and master distributor...
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September 28, 2017, 07:12 AM
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Encina Business Credit, LLC (EBC) announced that it has provided a $12 million senior secured credit facility to a distributor of specialty steel products based in the southern U.S. The financing, which is comprised of a revolving line of credit and...
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September 18, 2017, 07:23 AM
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B2Gold Corp. announced it has secured an upsized $500 million Revolving Credit Facility. All dollar figures are in United States dollars unless otherwise indicated.On July 7, 2017, the Company entered into an amended and restated credit agreement...
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Hudson Resources, a Canadian mining concern, announced the completion of its debt funding arrangement for a Senior Loan of $13.0 million and a Subordinated Loan of $9.5 million, for a total of $22.5 million, in it’s 100% owned subsidiary, Hudson...
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Detour Gold Corporation announced that it has concluded its negotiations with its existing bank group on a $500 million Senior Secured Credit Facility comprised of a $300 million Revolving Credit Facility for a tenor of four years and a $200 million...
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Global mining and metals companies’ focus on debt reduction is in danger of going too far and compromising long-term growth. According to a new EY report on debt and working capital in the mining sector, debt has fallen by almost 25% in the sector...
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Royal Gold, Inc. announced that it entered into a new $1 billion, 5-year revolving credit facility with a final maturity in June 2022. The new credit facility replaces Royal Gold's prior $650 million credit facility that was set to mature in March...
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A. M. Castle & Co., a global distributor of specialty metal and supply chain solutions, announced that it has reached agreement with its first-lien lending group to accelerate the Company's access to capital under its existing credit facilities to...
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Real Alloy Holding, Inc., an indirect, wholly owned subsidiary of Real Industry, Inc., entered into a Revolving Credit Agreement with Bank of America, N.A., acting as a lender, letter of credit issuer, and swingline lender and as agent for all...
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Siena Lending Group LLC announced the completion of a three-year $30 million asset-based revolving credit facility for New Day Aluminum LLC to repay certain indebtedness and to provide working capital for its Gramercy, LA subsidiary, Noranda Alumina....
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February 28, 2017, 06:00 AM
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IAMGOLD Corporation announced that, as of today, the commitments from a syndicate of lenders to its existing revolving credit facility total $250 million. The syndicate, led by National Bank of Canada and Deutsche Bank, included Citibank, N.A....
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February 08, 2017, 07:00 AM
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Reliance Steel & Aluminum Co. announced that on September 30, 2016 it entered into a new credit agreement comprised of a $1.5 billion unsecured revolving credit facility and a $600 million unsecured term loan. The new credit agreement, which has a...
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October 03, 2016, 07:35 AM
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Veritas Financial Partners announced the closing of an $8.5 million credit facility for Stainless Foundry & Engineering Inc. (“SFE”) to refinance their existing senior debt and provide additional capital for an opportunistic transaction set to close...
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August 10, 2016, 07:28 AM
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Global Brass and Copper Holdings, Inc. announced, that on July 18, 2016, it refinanced its debt structure by retiring its senior secured notes and entering into new asset-based revolving credit and long term debt (the “Term Loan B Credit Agreement”)...
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TAB Bank announced it has provided a $6.5 million asset-based revolving credit facility for a metal processing company located in Arizona. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working...
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Eldorado Gold Corporation announced that the company has renewed its revolving credit facility. The amended and restated credit agreement includes available credit of U.S.$250 million, an accordion feature of U.S.$100 million, and an extension of the...
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Nevada Copper Corp. announced that its senior secured lender, EXP T1 Ltd., an affiliate of Red Kite Mine Finance has agreed to certain amendments to the senior loan agreement between the Company and Red Kite which waive all existing defaults under...
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GemCap funded an $11 million loan facility to LB Metals, LLC, one of the largest processors of strip mill plate in North America. The company forges metal parts for a variety of industries, including construction, railroads and utilities. The...
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Kennametal Inc. announced the signing of a $600 million five-year credit agreement. This syndicated bank facility amends and restates Kennametal's prior loan agreement. It contains enhanced covenant adjustments relative to the company's amended 2010...
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ArcelorMittal announced its subsidiary ArcelorMittal USA intends to enter into a new, five-year senior secured asset-based revolving credit facility of up to $1 billion, which is expected to close in the second quarter of 2016. This facility will be...
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LB Metals, LLC, a company formed to complete the purchase of bankrupt LB Steel, LLC, has completed the purchase of the company, saving more than 200 manufacturing jobs in Illinois. LB Steel filed a voluntary petition for chapter 11 business...
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First Majestic Silver Corp. has entered into an agreement with The Bank of Nova Scotia and Investec Bank PLC for a Senior Secured Credit Facility consisting of a $25 million revolving credit line and a $35 million term loan. The proceeds of the...
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February 11, 2016, 07:32 AM
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Universal Stainless & Alloy Products, Inc. has entered into a new five-year $95 million credit agreement. As with the Company’s previous credit agreement, the Company’s obligations under the new asset-based lending (ABL) credit agreement are...
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January 22, 2016, 07:40 AM
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Dynacor Gold Mines has entered into senior secured credit facilities in the aggregate amount of up to $10 million with Third Eye Capital Corporation (TEC) acting as agent for the lenders. The new credit facilities consist of a $7 million U.S....
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January 18, 2016, 07:51 AM
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TimkenSteel, a leader in customized alloy steel products and services, announced that it has completed an amendment and restatement of its revolving credit facility.Administrative Agent JPMorgan Chase Bank, Syndication Agent PNC Bank and several...
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December 22, 2015, 08:04 AM
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Great American Capital Partners, LLC (GACP), a wholly owned subsidiary of B. Riley Financial, Inc, and Wells Fargo Capital Finance (WFCF), have entered into an agreement with Scrap Metal Services (SMS) to provide a $63 million senior secured credit...
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December 17, 2015, 08:05 AM
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MB Business Capital recently provided a new $8 million senior credit facility to Bridgman, Michigan-based Great Lakes Metal Stamping, Inc. Great Lakes is a steel and aluminum stamping operation supplying metal stampings and welded assemblies to a...
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November 19, 2015, 08:06 AM
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The PrivateBank announced it has provided a $25 million credit facility to Veritas Steel, a leader in the steel bridge fabrication industry. Headquartered in Lisle, Ill., the company has facilities in Eau Claire and Wausau, Wisc., and Palatka...
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October 28, 2015, 07:27 AM
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Horizon Technology Finance Corporation has closed a $10 million venture loan facility to The NanoSteel Company, Inc., a leader in nano-structured steel materials design. NanoSteel will use the proceeds for general working capital purposes."We are...
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AMG Advanced Metallurgical Group N.V. has entered into a new $320 million multicurrency term loan and revolving credit facility. The new facility, which was oversubscribed, includes an accordion feature that allows the Company, subject to certain...
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Pan American Silver Corp. has entered into a new senior secured revolving credit facility with a syndicate of eight lenders.The Facility is a $300 million secured revolving line of credit that matures on April 15, 2019 and is intended for general...
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Gordon Brothers Group and Hilco Industrial, a unit of Hilco Global, announced today that they have acquired the assets of Preferred Sands Canada’s Hanson Lake facility in Saskatoon, Canada in a joint venture. Preferred Sands Canada is a top...
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January 29, 2015, 08:09 AM
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GE Capital, Corporate Finance announced it is providing a $400 million credit facility to help fund the acquisition of Wise Metals Intermediate Holdings LLC (Wise) by Constellium N.V. (nyse and euronext:CSTM), a global producer of aluminum products....
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January 29, 2015, 08:04 AM
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Westmoreland Coal Company announced it has amended its term loan credit agreement with the Bank of Montreal, as administrative agent, to increase Westmoreland’s term loan by $75 million, for an aggregate principal term loan amount of $425 million....
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January 28, 2015, 07:23 AM
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LBC Credit Partners, a leading provider of financing solutions to middle-market companies, agented a $20.0 million second lien term loan to Defiance Metal Products Inc., a portfolio company of Taglich Private Equity LLC. Proceeds of the loan were...
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January 27, 2015, 07:44 AM
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The PrivateBank announced it has extended a $16 million credit facility to Advantage Sintered Metals, Inc. and Contact Technologies, Inc., powdered metal manufacturers based in Battle Creek, MI, and St. Mary’s, PA, respectively.Advantage Sintered...
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January 27, 2015, 07:26 AM
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Imperial Metals Corporation has completed a new $50 million revolving second lien secured credit facility with the Bank of Montreal maturing on April 1, 2017. The terms and conditions of the credit facility are modelled after the $200 million senior...
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January 20, 2015, 07:19 AM
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Evraz Plc, an integrated steel, mining and vanadium business, said its North American subsidiary, EVRAZ North America, has closed the renewal and amendment of its asset-based revolving credit. The new facility is $515 million and has the same...
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December 29, 2014, 08:11 AM
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Centerra Gold Inc.announced it has extended its existing $150 million revolving credit facility with the European Bank for Reconstruction and Development (EBRD) until February 17, 2016, on the same terms as the existing facility, LIBOR plus 2.9%.Ian...
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December 22, 2014, 07:23 AM
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Magnetation LLC has closed on a $15 million incremental increase to its senior secured revolving credit facility dated May 20, 2013 (the "Credit Facility"). The proceeds from the Credit Facility will be used for general corporate purposes. J.P....
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December 16, 2014, 07:17 AM
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GE Capital, Canada announced it is serving as administrative agent on a $38 million term loan facility to Canam Group Inc., North America's largest steel components fabricator. The new facility will be used to refinance existing debt and provide...
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October 03, 2014, 07:09 AM
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BMO Harris Bank’s Asset Based Lending group, a leading provider of middle-market asset-based finance solutions, announced it acted as sole lender for a $45 million senior secured revolving credit facility to Spectro Alloys Corp. Spectro Alloys Corp....
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September 15, 2014, 07:16 AM
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New Gold Inc. entered into a $300 million revolving credit facility with a syndicate of banks led by The Bank of Nova Scotia and RBC Capital Markets (the "Facility"). The Facility has a term of four years and replaces the company's previous $150...
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August 15, 2014, 07:38 AM
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Torex Gold Resources Inc. (the "Company" or "Torex") announced that the Company, through its subsidiary Minera Media Luna, S.A. de C.V. has signed a credit agreement (the "Credit Agreement") with BMO Harris Bank N.A., BNP Paribas, Commonwealth Bank...
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August 11, 2014, 06:00 AM
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Olympic Steel Inc., a leading national metals service center, has amended and extended its existing asset-based credit facility.The amendment provides the company with a $365 million revolving line of credit, extends the maturity three years from...
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GE Capital, Corporate Finance announced it is the administrative agent and sole lender on a $60 million senior credit facility for Consolidated Systems Incorporated (CSi). CSi produces metal products for use in the commercial construction industry...
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Business Capital has secured an $8.5 Million D.I.P loan for Pacific Steel Casting (PSC), one of the largest independent steel casting companies in the U.S. that makes carbon, low-alloy and stainless steel castings for U.S. and international customers...
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AK Steel said it has entered into a new $1.1 billion, five-year revolving credit facility with a group of lenders. The new credit facility will expire in March 2019. Bank of America, N.A., J.P. Morgan Securities LLC and Wells Fargo Capital Finance...
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Capital Financial Global, Inc. announced that it has successfully completed the acquisition of $5.1 million dollars of debt in Gold Rush Refiners, LLC, a distressed Georgia-based gold and precious metals refinery. The debt was acquired in exchange...
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BMO Harris Bank’s Asset-Based Lending group, a leading provider of middle-market leveraged finance solutions, announced it was administrative agent for $54 million in senior credit facilities to Sipi Metals Corporation (“Sipi”).
Sipi Metals...
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Marquette Business Credit announced it has funded a $6 million asset-based revolving line of credit for AMSCO Steel Company, a steel and aluminum processor and distributor, headquartered in Fort Worth, TX, with plant facilities in San...
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February 25, 2014, 07:09 AM
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Atna Resources Ltd. announced that it has entered into a $22.0 million credit facility agreement (the "Agreement") with Waterton Precious Metals Fund II Cayman, LP ("Waterton"). Atna will use this new credit facility to repay the outstanding amount...
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February 03, 2014, 07:16 AM
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Bank of America Business Capital, acting as administrative agent, has closed a new five-year, $670 million consolidated asset-based revolver to the North American operations of OAO Severstal. The newly syndicated facility was used to refinance a...
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January 24, 2014, 07:24 AM
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Material Sciences Corporation (MSC) has entered into a definitive merger agreement with Zink Acquisition Holdings Inc. (“Parent”) and Zink Acquisition Merger Sub Inc. (“Merger Sub”), which are affiliates of New Star Metals Inc. and Insight Equity...
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January 10, 2014, 07:14 AM
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GE Capital, Corporate Finance today announced it is serving as administrative agent on $340 million in revolving credit facilities for subsidiaries of Wise Metals Group, LLC. The facilities will be used to fund the company’s growth and ongoing...
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January 06, 2014, 08:08 AM
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Allied Nevada Gold Corp. reported that on Dec. 27 the company entered into the Second Amended and Restated Credit Agreement (the "Credit Agreement") with The Bank of Nova Scotia as agent.
The Credit Agreement amends the prior revolving credit...
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December 31, 2013, 07:12 AM
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Globe Specialty Metals has refinanced its existing credit facility with a syndicate of banks led by Providence based RBS Citizens, and co-led by PNC Bank, Wells Fargo Bank, as Joint Book Managers and Joint Lead Arrangers. Other banks in the syndicate...
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August 21, 2013, 08:02 AM
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U.S. Silica Holdings has successfully completed the syndication of a new $425 million senior secured credit facility to amend its existing senior secured credit facility. BNP Paribas acted as lead arranger on the new facility.
The senior secured...
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Materion Corporation entered into a second amended and restated credit agreement on June 20, 2013. The new credit agreement matures on June 20, 2018 and provides for a $375 million committed revolving credit facility, an increase of $50 million over...
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Richmont Mines secured a Letter of Offer for a Senior Secured Credit Facility for up to U.S.$50 million from Macquarie Bank Limited to fund the long-term development of the Island Gold Deep project, and for working capital commitments at the Island...
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