#Germany #HSBC #Oryx Stainless #Credit Line #Mülheim an der Ruhr

Oryx Stainless Group's Dynamic Expansion Strategy

The Oryx Stainless Group has solidified its position in the global metal recycling industry by extending its syndicated credit lines ahead of schedule. As announced on September 11, 2025, this financial maneuver not only reflects confidence in the company's operational model but also signals the group’s commitment to its ambitious growth plans. The new financing package amounts to €110 million, structured around an asset-based concept, with flexibility provided through an initial three-year term and the possibility for an extension of up to two additional years. An important feature of this agreement is the option to increase the credit volume to €130 million.

Purpose of the Credit Extension

The recently negotiated syndicated loan agreement primarily aims to facilitate flexible financing for working capital across Oryx Stainless's various European operations, alongside providing collateral for commodity hedging transactions. This is crucial for maintaining financial agility in a market that is constantly evolving.

Additionally, the expansion includes Oryx Stainless Malaysia as a new borrower. The Malaysia site had already been supported through a long-term financing arrangement, reflecting the company's expansion into Asian markets. This strategic inclusion underscores the growing importance of Asia as a focal point for the Oryx Group’s operations.

Oryx's Strategic Market Expansion

Over the past decade, Oryx Stainless Thailand has emerged as a market leader in the ASEAN region, operating successfully and contributing significantly to overall growth. The initial financing was sourced through the European credit facilities; however, as the organization gained scale, an innovative revolving credit facility was developed, involving one billion Thai baht. This was executed as part of a club deal, effectively diversifying funding sources and enhancing operational capacity in the region.

The European consortium backing this credit line remains unchanged, featuring HSBC Germany as the sole bookrunner, with support from other banks like Commerzbank, DZ Bank, and Rabobank. NRW.Bank and Stadtsparkasse Düsseldorf also played significant roles in arranging the financing.

Long-standing Partnerships and Future Prospects

CFO Roland Mauss expressed gratitude towards the banking partners, stating, “HSBC Germany and Oryx Stainless have been collaborating successfully for about 25 years. The continual support from our financing partners has been paramount in facilitating our growth trajectory.” This assertion highlights not only the stability of their financial relationships but also the operational expertise that has allowed Oryx to maintain a competitive edge in the global marketplace.

Furthermore, Dr. Michael Schleef, CEO of HSBC Germany, commented on the significance of the credit extension as a demonstration of the collaborative potential present when leveraging the combined strengths of banks in both Europe and Asia. This partnership not only fosters growth but also positions Oryx as a formidable player in the commodity supply chain.

About Oryx Stainless Group

Oryx Stainless Group, through its parent company Oryx Stainless Holding B.V., specializes in the trading and processing of recycled stainless steel, viewed increasingly as a sustainable raw material for the industry. The Oryx Group is dedicated to enhancing its procurement network while ensuring consistent high-quality service through its locations across Europe and Asia, which are critical for maintaining efficient transport infrastructure.

In conclusion, the recent financial maneuvers by Oryx Stainless reflect a strategic positioning to capitalize on both European and Asian markets. With substantial backing from reputable financial institutions, the prospect for sustained growth and innovation within the stainless steel recycling sector looks promising for Oryx Stainless.