PRESS RELEASE – FOR IMMEDIATE RELEASE
GERALD GROUP SUCCESSFULLY CLOSES ITS USD 225 MILLION SYNDICATED REVOLVING CREDIT FACILITY(RCF) FOR THE EIGHTH CONSECUTIVE YEAR.
19 December 2017
Amsterdam, 19 December 2017, GISA Netherlands BV successfully received commitments from more than 15 banks to close its annual revolving credit facility (RCF) for the eighth consecutive year. Its RCF was led by ING Bank and a core group of lead arrangers including BNP Paribas, Credit Suisse, DBS and Deutsche Bank.
Brendan Lynch, Chief Financial Officer for the Gerald Group, commented: “We have successfully re-financed the RCF for the eighth consecutive year at pricing levels in line with 2016. We are grateful for the continued support of ING, who lead the 17 bank syndicate, and that the banking community has shown to the Gerald Group once again”
About Gerald Group
Gerald Group is one of the world’s leading global commodity trading companies offering services as a reliable partner in trade, finance and investment across the global supply chain. Founded in 1962, the Group has helped shape the dynamic of the global non-ferrous and metals trade and has grown to establish trading and representative offices in 18 cities and a presence in forty countries in all regions of the world.
Gerald focuses primarily on the commerce of commodities. Our customers and partners and span the supply chain from mines and producers to distributors and industrial end-users. As a merchant, we add value sourcing and marketing physical commodities across a global network. As a trader, we centralise and opportunistically manage the associated financial and logistical risks. Our core merchant and trading functions are supplemented by strategic investments, joint ventures and structured financing solutions which offer access and opportunity to a diverse portfolio of industrial assets. Gerald Group is privately owned by its employees, led by Craig Dean, Executive Chairman and CEO of the Group and has approximately US$ 3 billion in assets and US$ 10 billion in turnover.