Oryx Stainless Group secures 80 million Euro credit facility

Nachrichtenagentur: news aktuell
10.08.2020, 14:10  |  104   |   |   
Mülheim an der Ruhr (ots) - As an important milestone in its financial strategy,
Oryx Stainless Group has refinanced 80 million Euro out of a previous 100
million Euro syndicated credit facility. The facility size has been reduced as
the company was able to set up an innovative borrowing base facility in the
banking market in Thailand which covers part of the existing one. The funds will
be used for working capital requirements.

In this transaction, HSBC acted as sole bookrunner, supported by Commerzbank, DZ
Bank and Rabobank as Mandated Lead Arrangers. NRW Bank and Sparkasse Düsseldorf
acted as Lead Arrangers.

Oryx Stainless Group, founded in 1990, is one of the world's leading trading
organisations for raw materials used in the production of high-quality stainless
steels. The company focuses its business activities on the handling and
processing of stainless steel scrap into Oryx Stainless Blends. These secondary
raw material blends - individually adapted for the respective stainless steel
producers - replace above all primary raw materials.

HSBC Germany

HSBC Germany is part of the HSBC Group, one of the world's leading commercial
banks. It is the "Leading International Bank" and has a network in more than 70
countries worldwide which account for more than 90% of global economic output.
HSBC Germany's clients are companies, institutional clients, the public sector
and high net worth private clients.

The Bank, which operates as HSBC Trinkaus & Burkhardt AG, stands for
internationality, comprehensive advisory expertise, major placement power,
first-class infrastructure and capital strength. With its "AA- (stable)" rating,
it has the highest Fitch rating of all private commercial banks in Germany. HSBC
Germany was founded in 1785 and has more than 2,800 employees in Düsseldorf and
at a further eleven locations.

Contact:

Roland Mauss
Oryx Stainless
Telefon +49 208 58 09 0
mauss@oryx.com

Grit Beecken
HSBC Deutschland
Telefon +49 211 910-1491
grit.beecken@hsbc.de

Additional content: http://presseportal.de/pm/79929/4675205
OTS: Oryx Stainless AG
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