A-MARK PRECIOUS METALS, INC. (NASDAQ:AMRK) Files An 8-K Other Events
Item 8.01. Other Events.
On December 7, 2018, Goldline, Inc., a wholly owned subsidiary of the Company, prepaid the $7,500,000 principal amount outstanding under its credit facility with various lenders, together with a 2% ($150,000) prepayment premium and accrued and unpaid interest through the date of prepayment. Under the terms of the prepayment, the applicable credit and related agreements have been terminated and none of the parties thereto have any further rights or obligations thereunder.
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.
