S&P gives AMG Advanced facility BB-

S&P said it assigned BB- issue and 2 recovery ratings to AMG Advanced Metallurgical Group NV’s upcoming $550 million secured credit facility.

Concurrently, the agency affirmed AMG’s B+ issuer rating and revised the outlook to stable from negative.

“We anticipate AMG will maintain leverage of 5x as EBITDA continues to recover over the next 12 months from improving end market demand, increasing volumes from capacity expansions, and pricing improvements. Demand picked up since the Covid-19 pandemic-related slowdown in 2020, driving volume growth across AMG's portfolio in metals such as vanadium, lithium concentrate, tantalum, graphite, antimony, and silicon,” S&P said in a press release.

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