A-Mark Precious Metals Renews $260 Million Credit Facility

EL SEGUNDO, Calif., March 20, 2018 -- A-Mark Precious Metals, Inc. (NASDAQ:AMRK), (A-Mark), a full-service precious metals trading company and an official distributor for all the major sovereign mints, has renewed its syndicated line of credit, led by Administrative Agent Cooperatieve Rabobank U.A. (Rabobank), which provides A-Mark with access of up to $260 million, featuring a $210 million base with a $50 million accordion option. The facility marks the renewal and replacement of the company’s existing credit facility. 

Rabobank, a global financial firm providing wholesale and retail banking services, acted as the Sole Lead Arranger/Bookrunner and Administrative Agent in the syndicate. Natixis, the second largest bank in France, served as Syndication Agent. A-Mark intends to use the proceeds from the credit facility for the purchase of precious metals from suppliers as well as for general operating cash flow purposes.

"The renewal with our existing bank facility partners reflects their support of A-Mark’s long-term strategy to scale and diversify our business,” said company CEO, Greg Roberts. “This new facility is targeted to our current liquidity requirements, taking into account our other financing resources. We continue to assess other sources of cost-effective capital as we look to further expand our platform of products and services.”

Additional details of the credit facility agreement are available in the company’s current report on Form 8-K, which will be filed with the U.S. Securities and Exchange Commission by no later than March 22, 2018.

About A-Mark Precious Metals
A-Mark Precious Metals, Inc. is a full-service precious metals trading company and an official distributor for many government mints throughout the world. The company offers gold, silver, platinum and palladium in the form of bars, plates, powder, wafers, grain, ingots and coins. Its Industrial unit services manufacturers and fabricators of products utilizing or incorporating precious metals, while its Coin & Bar unit deals in over 200 coin and bar products in a variety of weights, shapes and sizes for distribution to dealers and other qualified purchasers. The company operates trading centers in El Segundo, California, and Vienna, Austria, for buying and selling precious metals.

In addition to wholesale and trading activity, A-Mark offers customers a variety of services, including financing, consignment and various customized financial programs. As a U.S. Mint-authorized purchaser of gold, silver and platinum coins, A-Mark purchases bullion products directly from the U.S. Mint for sale to customers. A-Mark also has distributorships with other sovereign mints, including in Australia, Austria, Canada, China, Mexico and South Africa. Customers of A-Mark include mints, manufacturers and fabricators, refiners, coin and metal dealers, banks and other financial institutions, jewelers, investors and collectors. For more information about A-Mark Precious Metals, visit www.amark.com. 

Through its subsidiary Collateral Finance Corporation, a licensed California Finance Lender, the company offers loans collateralized by numismatic and semi-numismatic coins and bullion to coin and metal dealers, investors and collectors. Through its Transcontinental Depository Services subsidiary, it offers a variety of managed storage options for precious metals products to financial institutions, dealers, investors and collectors around the world. Through its A-M Global Logistics subsidiary, the company provides its customers an array of complementary services, including storage, shipping, handling, receiving, processing, and inventorying of precious metals and custom coins on a secure basis. Through its Goldline subsidiary, A-Mark sells precious metals directly to the global collector and investor community, while also acting as the exclusive supplier to Goldline. For more information, visit www.goldline.com.

A-Mark also holds a majority stake in a joint venture that owns the minting operations known as SilverTowne Mint. SilverTowne Mint is a leading producer of fabricated silver bullion and specialty products. For more information about SilverTowne Mint, please visit www.silvertownemint.com. 

Company Contact:
Thor Gjerdrum, President
A-Mark Precious Metals, Inc.
310-587-1414
[email protected]

Investor Relations Contact:
Matt Glover or Najim Mostamand
Liolios Group, Inc.
949-574-3860
[email protected]