Trafigura grants Nyrstar $650mln committed working capital facility

Nyrstar will receive a $650 million committed working capital facility from its main shareholder, trading house Trafigura, the company said on Wednesday November 21.

The agreement, which replaces an existing $250 million facility and will be effective on November 30, comprises of a $450 million metals prepayment at Libor +5% interest rates, and a $200 million suppliers’ credit tranche. Trafigura owns 23% of Nyrstar and has used its position on the company’s...

Published

Anna Xu

Archie Hunter

November 21, 2018

11:09 GMT

London, Shanghai