Perspective
01 August 2013
Ocean Partners signs debut syndicated loan
In:
Metals and Mining
Region:
Asia-Pacific, Europe
UK-headquartered metals trading company Ocean Partners has signed a $160 million loan, in what is the company’s first foray into the syndicated loan market. The funds will be used to support the purchase, storage, blending, sale and related margin financing of metal concentrates as well as to refinance existing debt. The financing fully covers the company’s blending and trading activities in Taiwan.
