Marex Spectron increases working capital facility to $165 million

March 6, 2019

Marex Spectron has increased its working capital facility to $165 million from $125 million as Lloyds Bank, Bank Leumi UK, Industrial and Commercial Bank of China Limited London Branch (ICBC) and Barclays Bank expanded their individual commitments to $35 million from $25 million.

The committed facility, which also includes Allied Irish Bank (GB), has a $35 million swing line that provides same day liquidity for improved cash management.

Related News

Corporate News

Record H1 2022 Results

August 18, 2022

Strategy execution and robust risk management delivers strong performance in supportive market conditions $100 million AT1 Issuance further strengthens balance sheet Marex is pleased […]

Tommy Bain elected as Chairman of LME Warehouse Committee

August 12, 2022

Marex’s Head Warrant Trader, Tommy Bain, has been elected as Chairman of the London Metal Exchange (LME) Warehouse Committee. This represents all 28 LME […]

Geospatial analytics: global smelting activity falls in July

August 3, 2022

Copper and Nickel Global Smelting Activities down in July – China copper smelting back at February lows – – Readings show July copper smelting […]