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News Stories (33 Results) - Metals and Mining

Russel Metals extended its $450 million credit facility with a syndicate of banks led by RBC Capital Markets. The credit facility has been extended from September 21, 2023 to September 21, 2025. In addition to the extension, the amended credit... Read Story

December 28, 2021, 06:12 AM

GoldMining announced that, further to its news release dated October 21, 2021, it has entered into and closed an agreement for a US$20 million loan facility with the Bank of Montreal.The Facility is available for general corporate purposes... Read Story

November 01, 2021, 08:00 AM

Monarch Mining announed the closing on August 13, 2021, of the previously announced $13.5 million senior secured term loan agreement with Investissement Québec. The Loan has a three-year term and bears interest at an annual rate of 6% until the... Read Story

August 16, 2021, 06:00 AM

Champion Iron Limited announced that its subsidiary Quebec Iron Ore Inc. ("QIO"), the operator of the Bloom Lake Mining Complex, has successfully completed the previously announced amendment and increase to its existing credit facilities (the "Credit... Read Story

December 24, 2020, 08:00 AM

The U.S. coal sector is seeing little hope of improvement in the next few years, after a long list of bankruptcies, power plant closures, layoffs and other troubles marred the industry's timeline over the last decade, writes Taylor Kuykendall, of S&P... Read Story

December 24, 2019, 09:30 AM

A-Mark Precious Metals, Inc., a full-service provider of products and services to the global precious metals market, has executed the renewal of its existing $260 million credit facility, which consists of a $210 million revolving credit facility... Read Story

March 04, 2019, 09:01 AM

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a metal stamp manufacturer based in Illinois.  Proceeds of the facility were used to refinance the existing lender and for additional working capital... Read Story

September 26, 2018, 09:00 AM

Cobalt 27 Capital Corp. announced that the Company has entered into a $80 million revolving term credit facility led by National Bank of Canada with a syndicate of financial institutions including Bank of Montreal and The Bank of Nova Scotia. The... Read Story

May 18, 2018, 08:00 AM

MidCap Financial announced it has provided a $46 million senior credit facility to Unique Group of Companies, an importer and distributor of engineered metal products. The MidCap credit facility refinanced the Company's prior credit facility with a... Read Story

January 18, 2018, 08:00 AM

Presidential Financial Corporation announced it has provided a $20 million working capital facility to CME Acquisitions, LLC dba Cleveland Metal Exchange. Headquartered in Twinsburg, Ohio, Cleveland Metal Exchange is a national distributor of... Read Story

December 06, 2017, 08:00 AM

MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new senior credit facility to Warsaw, Indiana-based Dalton Corporation and affiliates. Dalton provides large, heavily-cored and complex iron castings for... Read Story

November 15, 2017, 07:00 AM

Santander Bank announced that its Asset Based Lending Group has executed a $40 million revolving line of credit with Uttam Galva North America, an importer and distributor of steel coils based in New York, NY. “Uttam Galva is a global leader in the... Read Story

August 14, 2017, 09:00 AM

Fairfield Aluminum Castings Company has retained Equity Partners HG to seek refinancing or a buyer for this 70-year-old aluminum foundry, specializing in sand and permanent mold products.  The company provides customers with turnkey products... Read Story

March 15, 2017, 08:00 AM

North Mill Capital has provided a $1.5 million asset based lending accounts receivable and inventory credit facility to Summit Corporation of America.  Summit Corporation of America provides electroplating metal and is based in Thomaston, Connecticut... Read Story

February 22, 2017, 07:00 AM

Phoenix Capital Resources ("Phoenix"), a leading middle-market special situations investment bank, acted as the exclusive financial advisor and investment banker to Southeastern Aluminum Products, Inc. ("Southeastern" or the "Company") in arranging... Read Story

November 17, 2016, 07:20 AM

Imperial Metals Corporation reports that it has extended the maturity date of the senior secured revolving credit facility from October 1, 2016 to March 15, 2018 and amended certain terms and conditions, including financial covenants. The amount of... Read Story

May 13, 2016, 07:13 AM

Argonaut Gold Inc. has entered into a $30 million revolving credit facility. Bank of Montreal ("BMO") acted as lead arranger, bookrunner and the administrative agent for the Facility. In addition to BMO, The Bank of Nova Scotia is also participating... Read Story

April 29, 2016, 07:47 AM

Wednesday's  bankruptcy filing by coal producer Peabody Energy boosts the trailing 12-month (TTM) US institutional leveraged loan default rate in the troubled metals/ mining sector to 29% from 25% and the overall loan market TTM default rate to 1.9%... Read Story

April 15, 2016, 07:07 AM

Claude Resources Inc. has entered into an agreement with The Bank of Nova Scotia for a senior secured credit facility ("facilities") consisting of a Revolving Tranche ("revolver") in the amount of $10.0 million and a Term Loan Tranche ("term loan")... Read Story

September 22, 2015, 07:34 AM

Canada's TMAC Resources has signed a credit agreement with a syndicate of lenders led by Sprott Resource Lending Partnership (as Agent) and Morgan Stanley Capital Group Inc. with respect to the previously announced $120 million senior secured term... Read Story

July 27, 2015, 07:57 AM

Detour Gold Corporation has amended its $135 million senior secured credit facility which is now comprised of an $85 million revolving credit facility (previously $90 million) and a $50 million letter of credit facility (previously $45 million). The... Read Story

June 26, 2015, 07:22 AM

First Financial Business Capital, a division of First Financial Bank, announced the completion of a $2.815 million structured cash-flow credit facility that includes a revolving line of credit and term loan for a metal finishing company in Dayton, OH... Read Story

March 03, 2015, 07:23 AM

GemCap has funded a $9 million loan facility to an Iowa based iron casting foundry, the facility is secured by accounts receivable, inventory, machinery, and equipment.   In its capacity as chief restructuring officer, Huron Consulting Group selected... Read Story

February 26, 2015, 07:32 AM

Osisko Gold Royalties Ltd closed the previously announced $100 million revolving credit facility with National Bank of Canada. The credit facility will be used for investments in the mineral industry, including the acquisition of royalties and the... Read Story

December 01, 2014, 07:54 AM

Steel Dynamics, Inc. announced that it has amended, restated and expanded its senior secured revolving credit facility and entered into a new term loan facility.  The company has expanded its senior secured revolving credit facility from the prior $1... Read Story

November 17, 2014, 07:46 AM

Essar Steel Algoma Inc. ("Algoma" or the "Company") completed a comprehensive recapitalization and refinancing of the company. Algoma successfully raised a total of over US$1.2 billion which includes equity of US$466 million comprised of cash... Read Story

November 17, 2014, 07:24 AM

TAB Bank announced it has provided a $3.5 million asset-based revolving credit facility for a metal forging company located in Texas. The company forges and machines aluminum and steel into mission critical aircraft components for the aerospace... Read Story

October 16, 2014, 07:33 AM

Dundee Precious Metals Inc. has added $125 million of credit capacity to its existing long-term committed revolving credit facility (the "Revolving Facility"), increasing the total size of the Revolving Facility to $275 million. This increase was... Read Story

June 27, 2014, 07:07 AM

In connection with its acquisition of Sherritt International’s coal mining operations, Westmoreland Coal Company announced an increase in its revolving line of credit.Westmoreland amended its existing revolving credit facility with The PrivateBank... Read Story

May 02, 2014, 07:14 AM

BMO Harris Bank’s Sponsor Finance group, a leading provider of middle market leveraged finance solutions, announced it was sole lead arranger, sole bookrunner and administrative agent for senior credit facilities to EP Minerals, LLC (“EP Minerals”)... Read Story

April 01, 2014, 07:53 AM

Industrial Services of America, Inc., a company that buys, processes and markets ferrous and non-ferrous metals and other recyclable commodities for domestic users and export markets and offers programs and equipment to help businesses manage waste... Read Story

February 24, 2014, 07:31 AM

The Film Matrix MovieWorks, L.L.C., announced Santa Barbara-based Bellamar Capital has committed $47 million to Americana Group USA’s film slate. Bellamar Capital is providing debt financing via a proprietary structure it created that involves a... Read Story

August 29, 2013, 07:29 AM

SilverCrest Mines has entered into a three year US$40 million secured corporate credit facility with The Bank of Nova Scotia (Scotiabank). The credit limit available under the facility will reduce by U.S.$10 million on each of Jul. 11, 2014 and Jul.... Read Story

July 15, 2013, 07:09 AM