Auramet secures $350 million syndicated financing with ING Capital

By Mary-Katherine Stinson

Lexington, Ky., July 27 – Auramet Trading and Auramet International have secured $350 million in syndicated financing led by ING Capital LLC, according to a news release.

The deal closed on July 22 with ING as mandated lead arranger, bookrunner and administrative agent.

The transaction was oversubscribed and an increase over the previous facility of $300 million.

The new facility adds Commonwealth Bank of Australia to the syndicate of lenders. The lending group includes previous participants Rabobank as lead arranger, as well as HSBC Bank USA NA, Macquarie Bank Ltd., CIBC Bank USA and Brown Brothers Harriman & Co.

Auramet is a global physical precious metals merchant.

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