Gerald Group completes $150 million revolving credit facility

By Taylor Fox

New York, Dec. 22 – Gerald Group executed its eleventh one-year revolving credit facility for $150 million, according to a news release.

The facility was oversubscribed.

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 revolver.

Gerald will use the funds to refinance its maturing syndicated revolving credit facility, as well as for general corporate and working capital purposes.

Gerald Group is a metals merchant based in London.

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