Marex Spectron increases working capital facility

Marex Spectron has increased its working capital facility to $125 million from $115 million, with Allied Irish Bank (AIB) expanding the size of its commitment to $25 million from $15 million.

The committed facility, which has been extended for a further year, also includes Lloyds Bank, Bank Leumi UK, Industrial and Commercial Bank of China Limited London Branch (ICBC) and Barclays Bank. In addition to increased size, the facility has been enhanced by the addition of a swing line, providing same day liquidity for improved cash management.