Shearman And Sterling

News November 30, 2021

AMG Advanced Metallurgical Group $550 Million Financing

Shearman & Sterling advised HSBC Bank USA, as Administrative Agent, on a $550 million financing for AMG Advanced Metallurgical Group N.V., as Borrower, consisting of a $350 million term loan B facility and $200 million revolving credit facility to refinance existing debt.

AMG is a global critical materials company at the forefront of CO2 reduction trends. AMG produces highly engineered specialty metals and mineral products and provides related vacuum furnace systems and services to the transportation, infrastructure, energy, and specialty metals & chemicals end markets.

AMG Clean Energy Materials segment combines AMG’s recycling and mining operations, producing materials for infrastructure and energy storage solutions while reducing the CO2 footprint of both suppliers and customers. AMG Clean Energy Materials segment spans the vanadium, lithium, and tantalum value chains. AMG Critical Materials Technologies segment combines AMG’s leading vacuum furnace technology line with high-purity materials serving global leaders in the aerospace sector. AMG Critical Minerals segment consists of AMG’s mineral processing operations in antimony, graphite, and silicon metal.

The Shearman & Sterling team below included associates Arshia Asif and Gina Eum (both NY-Finance).

The Team