Nizi closes $200m revolver

Nizi International has signed a multi-currency revolving credit facility of $200m, having increased the amount from $175m due to oversubscription during syndication.

  • 14 Jun 2011
The metal trading and distribution company, based in Luxembourg, will use the loan to refinance its working capital facilities and to provide liquidity to meet commodity prices. Copper now stands at $8,894.50 a ton and steel at $549. This compares to last year’s prices at $6,600 and $398 ...

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