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Stock impact report

A-Mark Precious Metals Renews $260 Million Credit Facility

A-Mark Precious Metals, Inc. (AMRK) 
Last a-mark precious metals, inc. earnings: 5/9 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: amark.com/investors
Company Research Source: GlobeNewswire
EL SEGUNDO, Calif., March 20, 2018 (GLOBE NEWSWIRE) -- A-Mark Precious Metals, Inc. (NASDAQ:AMRK), (A-Mark), a full-service precious metals trading company and an official distributor for all the major sovereign mints, has renewed its syndicated line of credit, led by Administrative Agent Cooperatieve Rabobank U.A. (Rabobank), which provides A-Mark with access of up to $260 million, featuring a $210 million base with a $50 million accordion option. The facility marks the renewal and replacement of the company’s existing credit facility.  Rabobank, a global financial firm providing wholesale and retail banking services, acted as the Sole Lead Arranger/Bookrunner and Administrative Agent in the syndicate. Natixis, the second largest bank in France, served as Syndication Agent. A-Mark intends to use the proceeds from the credit facility for the purchase of precious metals from suppliers as well as for general operating cash flow purposes. "The renewal with our existing bank facility Show less Read more
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