5N Plus gets $79 million four-year multi-currency revolver with HSBC

By Sarah Lizee

Olympia, Wash., April 24 – 5N Plus Inc. entered into a new $79 million four-year senior secured multi-currency revolving syndicated credit facility to replace its existing $50 million revolver, according to a press release.

The facility bears interest and a margin based on the company’s senior consolidated debt to EBITDA ratio.

There is a $30 million accordion feature which would increase the total size of the facility to $109 million.

The syndicate is comprised of six banks and financial institutions with HSBC Bank acting as the lead arranger and bookrunner.

Proceeds will be used for current financing and other corporate purposes, as well as to finance the company’s growth initiatives.

Montreal-based 5N is a specialty metal and chemicals producer.

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