Gerald Group Closes $230 Million Revolving Credit Facility Amid Expansion

Gerald Group Closes $230 Million Revolving Credit Facility

On February 7, 2025, Gerald Group, a preeminent player in the global commodity trading landscape with a focus on ferrous, non-ferrous, and precious metals, successfully completed its fifteenth refinancing of an unsecured Revolving Credit Facility (RCF). This facility closed at an impressive $230 million, reflecting a robust interest from the bank syndicate involved, which expanded to include four new banking partners this year, bringing the total to 18 banks operating across Europe, Asia, and the Middle East.

The importance of the RCF in sustaining Gerald Group's strategic initiatives cannot be overstated. Patricia Nikolopoulos, the Group's Chief Financial Officer, emphasized the significance of the RCF for the company's liquidity needs, particularly in supporting its marketplace expansion in metals and critical minerals.

"The RCF plays a vital role in providing liquidity to support our growth across the Group's metals and critical minerals trading. We extend our gratitude to our long-standing banking partners for their continued support and warmly welcome those new banks joining the facility this year. We look forward to fostering mutually beneficial and lasting relationships together," she stated, underscoring the collaborative spirit of the refinancing effort.

This refinancing endeavor was led by Crédit Agricole Indosuez (Switzerland) SA and Deutsche Bank Luxembourg SA, serving as Joint Senior Bookrunners and Mandated Lead Arrangers. Additionally, UBS Switzerland AG contributed as Bookrunner and Mandated Lead Arranger. The restructuring of this facility marked a positive pivot, closing at a higher level than the previous year, showcasing both the strong fundamentals backing Gerald Group's metals business and the solid teamwork within the bank’s syndicate.

The roster of Mandated Lead Arrangers also includes Banco Do Brasil S.A., with its Shanghai Branch, alongside high-profile participants such as DBS Bank Ltd and Erste Group Bank AG. Newly joined as Mandated Lead Arrangers this year was the Arab Banking Corporation S.A., enhancing the syndicate's capabilities.

Further strengthening this financial collaboration, notable Lead Arrangers such as Arab Bank (Switzerland) Ltd., Bank of China Limited (London Branch), and Société Générale (Paris, Zurich Branch) contributed to the successful structuring and execution of the facility. Furthermore, GarantiBank International N.V. and new Participants like Banque Internationale de Commerce - BRED (Suisse) SA joined the collective efforts.

The collaborative effort was articulated by representatives from Crédit Agricole Indosuez (Switzerland) SA, who expressed pride in facilitating this significant refinancing. They remarked, "We were delighted to close the facility at a higher level versus the previous year including four new participants in the pool, a result of the strong underlying fundamentals for Gerald's metals business, strong teamwork and the strength of our client relationship."

Founded in 1962 in the United States, Gerald Group has established itself as a leading entity in the trading of non-ferrous, ferrous, and precious metals, in addition to critical minerals. The Group prides itself on providing specialized services tailored to meet client needs, streamlining logistics, and handling the transportation and delivery of metals within a complex global value chain.

Under the leadership of Executive Chairman and CEO Craig Dean, Gerald Group aims to maintain its significant role in the global economy, investing strategically and hedging risks through structured financial transactions. The Group's global infrastructure is bolstered by trading desks located in strategic hubs like Stamford (CT), Geneva, Shanghai, and Dubai, making it well-positioned to serve a diverse clientele.

By securing this substantial refinancing, Gerald Group not only reinforces its operational capabilities but also signals confidence in its continued growth trajectory in the dynamic commodity markets. As the Group navigates this financial landscape, the synergies formed with its banking partners will be crucial in fortifying its market position and fostering long-term success.