Gerald completes $185 million syndicated revolver

By William Gullotti

Buffalo, N.Y., Jan. 11 – Gerald Group closed on its 14th annual syndicated revolving credit facility, according to a Thursday press release.

The $185 million facility was oversubscribed and upsized from its initial launch at $150 million.

Proceeds will be used to refinance an existing $180 million facility and for general corporate purposes.

Credit Agricole Indosuez (Switzerland) SA and Deutsche Bank Luxembourg SA acted as joint bookrunners and mandated lead arrangers, with UBS Switzerland AG, Erste Group Bank AG, DBS Bank Ltd. (London Branch) and Banque de Commerce et de Placements acting as additional mandated lead arrangers.

Arab Bank (Switzerland) Ltd, Banco do Brasil, Shanghai Branch, Banque Cantonale Vaudoise, DZ Bank AG, UniCredit Bank AG, Zürcher Kantonalbank, Bank of China, London Branch and GarantiBank International also participated in the syndicate.

Gerald Group is a metals merchant based in London.

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