NEW YORK -- Auramet International, Inc. (“Auramet”), a leading precious metals merchant, announced that it has closed a $350 million syndicated revolving credit facility (the “Facility”) led by Macquarie Group (“Macquarie”). Macquarie’s Commodities and Global Markets business 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 welcomes the addition of Natixis, New York Branch to the bank group, joining the existing bank group that includes Coöperatieve 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. The Facility has been oversubscribed each year since inception.

“Auramet’s relationships and industry knowledge are the foundation of our 21-year history and our banks have consistently provided the strong support needed for our growth,” said Kimberly Oates, Auramet CFO. “Auramet strives to deliver the highest level of service to our clients through our understanding of their business and market conditions, and we pair that with experienced and responsive bankers in the commodity finance business. Liquidity is paramount in this industry, and this syndication will provide us additional capacity to meet the needs of our clients.”

“We are pleased to provide the Facility, further supporting Auramet and the financing of its global precious metals merchant business,” said John Spillane, Senior Managing Director in Macquarie’s Commodities and Global Markets business. “As a leader in commodity financing, Macquarie provided vital liquidity in collaboration with the financial institutions that comprise Auramet’s bank group.”

Macquarie previously led a $300 million syndicated revolving credit facility, which was also well oversubscribed.