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Stock impact report

A-Mark Precious Metals Subsidiary Closes $100 Million Offering of Secured Term Notes

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
Capital Enables A-Mark Subsidiary, Collateral Finance Corporation (CFC), to Expand Loan Portfolio and Complementary Products EL SEGUNDO, Calif., Sept. 14, 2018 (GLOBE NEWSWIRE) -- AM Capital Funding, LLC, an indirect subsidiary of A-Mark Precious Metals, Inc. (NASDAQ:AMRK), a leading full-service provider of products and services to the global precious metals market, has closed a private placement offering of $100 million in aggregate, consisting of $72.0 million in principal amount of 4.98% secured senior term notes (Series 2018-1, Class A) and $28.0 million of 5.98% secured subordinated term notes (Series 2018-1, Class B). Morningstar Credit Ratings rated the Class A notes “AA” and Class B notes “BBB.” The interest rates are fixed and the notes mature on December 15, 2023. The notes will be payable from, and secured by, certain assets of AM Capital Funding, LLC and will not be insured or guaranteed by A-Mark Precious Metals or its subsidiary, Collateral Finance Corporati Show less Read more
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