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Gerald Group closes oversubscribed Revolving Credit Facility of US$ 253.5 million for the tenth consecutive year London, 15 January 2020 – Gerald Group (“Gerald”), the world’s largest independent, employee-owned metals trading house is pleased to have successfully executed its tenth annual Revolving Credit Facility (“RCF”) for US$ 253.5 million. The syndication, made up of an enlarged group of thirteen banks, including existing and new banking partners, was led by Credit Agricole Corporate & Investment Bank and ING Bank N.V. in their roles as Bookrunner and Coordinator, and a core group of lead arrangers including BNP Paribas, Credit Suisse and Deutsche Bank. “I am pleased that the outstanding support from our leading commodity banking partners affords the Group valuable lender diversity, which in turn will support our continued growth globally. We have to thank Credit Agricole Corporate & Investment Bank and ING and all the banks that participated, for their continued support and confidence in Gerald,” said Craig Dean, Gerald Group’s Chairman and Chief Executive Officer. “The 1-year RCF was launched in mid-October at US$ 200 million, with close to fifty per cent of the lending group pre-approved, and as a result of strong support, we closed less than sixty days later, with a higher commitment after seeing Gerald take part of the oversubscription, at US$ 253.5 million. The successful closure of our tenth consecutive financing demonstrates the strong relationship with our bank group” said Mital Patel, Global Head of Finance for Gerald Group. For further information, please visit or contact: Annanya Sarin Tel: +44 20 3805 2000 / +44 7507 583792 Ref: https://www.gerald.com/gerald-closes-253million-rcf-2019

Profile for Gerald Group

Gerald Group closes oversubscribed Revolving Credit Facility of US  

The syndication, made up of an enlarged group of thirteen banks, including existing and new banking partners, was led by Credit Agricole Cor...

Gerald Group closes oversubscribed Revolving Credit Facility of US  

The syndication, made up of an enlarged group of thirteen banks, including existing and new banking partners, was led by Credit Agricole Cor...

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