Gerald Group successfully closes thirteenth Revolving Credit Facility of US$ 180 million
Summary
LONDON, Jan. 27, 2023 /PRNewswire/ -- Gerald Group ("Gerald / the Group"), the worlds largest independent and employee-owned metals trading house is pleased to announce the successful closure of its new annual syndicated Revolving Credit Facility ("RCF") for US$180 million. The one-year committed, unsecured RCF will be used by Gerald for refinancing the maturing US$140 million facility and for general corporate purposes.In total, 13 financial institutions participated in the syndication, with the Group receiving tremendous support from existing and new lenders. "Credit Agricole Corporate and Investment Bank is proud to have led the US$180m Revolving Credit Facility refinancing for Gerald Group, the worlds largest independent and employee-owned metals trading house, as the sole active Mandated Lead Arranger and Bookrunner. Despite a challenging market, the deal was oversubscribed, which is testimony to the strength of Geralds business and the confidence of the banking pool with 4 new joiners. The successful syndicate closing was the result of the excellent teamwork and strength of our client relationship which enabled us to make this happen," stated Credit Agricole Corporate and Investment Bank.For further information, visit www.gerald.com or contact media@gerald.com / Tel: +44 7507 583792.