A-MARK PRECIOUS METALS, INC. (NASDAQ:AMRK) Files An 8-K Entry into a Material Definitive AgreementItem 1.01. Entry into Material Definitive Agreement.
Effective August 18, 2017, the Company entered into a Seventh Amendment (the “Seventh Amendment”) to Uncommitted Credit Agreement with Natixis New York Branch, as Syndication Agent, Cooperatieve Rabobank U.A., New York Branch, as Administrative Agent, and the other financial institutions party thereto (the “Credit Agreement”) which effected the renewal and increase of its syndicated demand revolving credit facility (the “Facility”). to the Seventh Amendment, the maturity date of the Facility has been extended to March 31, 2018. Under the terms of the Credit Agreement (as amended through and by the Seventh Amendment), the Company has access to a credit line of up to $275 million, with a $225 million base and a $50 million accordion option.
The foregoing description of the Seventh Amendment is qualified by reference to the full text of the Seventh Amendment, a copy of which is filed as Exhibit 10.1 to this Report.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
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10.1 |
Seventh Amendment to Uncommitted Credit Agreement, dated as of August 18, 2017, among A-Mark Precious Metals, Inc., a Delaware corporation, Natixis New York Branch, as Syndication Agent and Cooperatieve Rabobank U.A., New York Branch, as Administrative Agent, and the other lenders named therein. |
A-Mark Precious Metals, Inc. ExhibitEX-10.1 2 a8-k_xcrfacilityx7thamxex1.htm EXHIBIT 10.1 Exhibit Exhibit 10.1SEVENTH AMENDMENT TO UNCOMMITTED CREDIT AGREEMENTThis SEVENTH AMENDMENT TO UNCOMMITTED CREDIT AGREEMENT (this “Seventh Amendment”) dated as of August 18,…To view the full exhibit click here
About A-MARK PRECIOUS METALS, INC. (NASDAQ:AMRK)
A-Mark Precious Metals, Inc. is a precious metal trading company. The Company is a wholesaler of gold, silver, platinum and palladium bullion and related products, including bars, wafers, grain and coins. It distributes gold and silver coins and bars from sovereign and private mints; provides financing for the purchase of bullion and numismatics; offers storage for bullion, and offers complementary products, such as consignment, customized finance and liquidity programs, such as repurchase (Repo) accounts, and trade quotes in a variety of foreign currencies. It operates through various business units for accounting purposes, including Industrial, Coin and Bar, Trading, Finance, Collateral Finance Corporation, Transcontinental Depository Services and Logistics. It is an authorized distributor of gold and silver coins for sovereign mints and various private mints. The sovereign mints include the United States Mint, the Australian (Perth) Mint and the Austrian Mint, among others.