Cadwalader Advises ING in Inaugural Syndicated Facility for Metals Trading Company

October 09, 2019

Cadwalader advised ING Capital LLC, as administrative agent, in a $300 million syndicated senior secured revolving credit facility for GT Commodities LLC (GTC), the North American trading hub for Gerald Group, the world's largest employee owned metals merchant. The credit facility, which represents the inaugural syndicated transaction for Gerald Group, includes a $50 million accordion feature which provides Gerald with the flexibility to expand the deal to support GTC's growing business in the North American region.

The Cadwalader team was led by Finance partner Christopher McDermott and included associates Michael Lynch and David Rusk.