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Screenshot of a breaking news alert e-mail from Q2 2017
Global commodities broker Marex Spectron has announced the successful syndication of a new $105 million working capital facility, increased in size from the company’s previous $65 million facility.
The syndication was led by Lloyds Bank, and included the participants in Marex Spectron’s previous $65 million facility – Lloyds Bank, Bank Leumi UK and Barclays Bank – and the addition of two new banks, Industrial and Commercial Bank of China Limited (ICBC) and Allied Irish Bank (AIB).
Ian Lowitt, Marex Spectron’s Chief Executive Officer, commented:
We are delighted that all the banks in our previous facility, as well as ICBC and AIB, are participating in our new facility. With the increase in the facility, from $65 million to $105 million, we can continue to grow our business and the services we provide to our clients.