Marex Spectron Launches New Working Capital FacilityMay 26, 2017
Marex Spectron, the global commodity broker, today announced the successful syndication of a new working capital 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.”