/PRNewswire/ Gerald Group today announced its North American trading hub, GT Commodities Borrowing Base sublimit for low-carbon aluminum qualifies as a.
Gerald Group closes US$450 million North American Borrowing Base Facility with record oversubscription prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Gerald Group closes oversubscribed Revolving Credit Facility
Gerald Group, supported by its relationship banks
Credit Agricole, Credit Suisse, Deutsche Bank, DBS Bank, ING Bank,
Rabobank
, Banco do Brasil,
Banque Cantonale Vaudoise, Erste and UniCredit arranged, documented and executed the RCF within record time of under 2 months.
Recognising the challenges faced by the commodity banking community during 2020, the Group opted to scale back lender appetite and not take up the significant oversubscription achieved. Gerald will use the funds to refinance its maturing syndicated revolving credit facility, as well as for general corporate and working capital purposes. Despite the turmoil we have all experienced during this COVID year, I m very pleased with the performance of the Group across all disciplines. The successful execution of the RCF refinancing confirms once again, the strong support from our longstanding banking partners who appreciate the Group s robust business m