A-Mark Precious Metals Enters Material Definitive Agreement
Ticker: GOLD · Form: 8-K · Filed: Jun 26, 2024 · CIK: 1591588
Sentiment: neutral
Topics: material-definitive-agreement
Related Tickers: AMRK
TL;DR
AMRK signed a big deal, details TBD.
AI Summary
On June 24, 2024, A-Mark Precious Metals, Inc. entered into a material definitive agreement. The filing does not provide specific details on the agreement or any associated dollar amounts or parties involved.
Why It Matters
This filing indicates a significant new contract or partnership for A-Mark Precious Metals, which could impact its future business operations and financial performance.
Risk Assessment
Risk Level: medium — The lack of specific details in the filing regarding the material definitive agreement introduces uncertainty about its terms and potential impact.
Key Players & Entities
- A-Mark Precious Metals, Inc. (company) — Registrant
- June 24, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by A-Mark Precious Metals, Inc.?
The filing states that A-Mark Precious Metals, Inc. entered into a material definitive agreement on June 24, 2024, but does not provide specific details about its nature.
Who are the other parties involved in this material definitive agreement?
The filing does not disclose the names of the other parties involved in the material definitive agreement.
Are there any financial terms or dollar amounts associated with this agreement?
The filing does not specify any financial terms or dollar amounts related to the material definitive agreement.
When was this material definitive agreement officially entered into?
The material definitive agreement was entered into on June 24, 2024.
Does this agreement represent an acquisition, divestiture, or partnership for A-Mark Precious Metals?
The filing does not provide enough information to determine if the agreement represents an acquisition, divestiture, or partnership.
Filing Stats: 633 words · 3 min read · ~2 pages · Grade level 13.3 · Accepted 2024-06-26 12:45:14
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value AMRK Nasdaq Global Select
- $350 million — mmitment under the Credit Facility from $350 million to $422.5 million, increases the amount
- $422.5 m — he Credit Facility from $350 million to $422.5 million, increases the amount of Permitte
- $600 million — ermitted Ownership Based Financing from $600 million to $700 million, increases the Swing Li
- $700 m — ip Based Financing from $600 million to $700 million, increases the Swing Line Commitm
- $25 million — s the Swing Line Commitment Amount from $25 million to $65 million, and increases the Permi
- $65 m — e Commitment Amount from $25 million to $65 million, and increases the Permitted Secu
- $100 million — ermitted Secured Lease Obligations from $100 million to $200 million. Item 9.01 Financial
- $200 million — Lease Obligations from $100 million to $200 million. Item 9.01 Financial Statements and E
Filing Documents
- amrk-20240624.htm (8-K) — 42KB
- amrk-ex10_1.htm (EX-10.1) — 1854KB
- img76957855_0.jpg (GRAPHIC) — 2KB
- img205905200_0.jpg (GRAPHIC) — 150KB
- 0000950170-24-077744.txt ( ) — 2607KB
- amrk-20240624.xsd (EX-101.SCH) — 24KB
- amrk-20240624_htm.xml (XML) — 5KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On June 24, 2024, A-Mark Precious Metals, Inc. (the "Company") entered into a Joinder, Incremental Assumption Agreement and Ninth Amendment to Credit Agreement (the "Credit Agreement Joinder, Assumption and Amendment") with the other loan parties thereto, the lenders party thereto and CIBC Bank USA as administrative agent for the lenders. A copy of the Credit Agreement Joinder, Assumption and Amendment is filed as Exhibit 10.1 to this Form 8-K, and the description of the Credit Agreement Joinder, Assumption and Amendment in this Item is qualified by reference to the Exhibit. The Credit Agreement Joinder, Assumption and Amendment amends the Company's Credit Agreement, dated December 21, 2021, as amended by amendments first through eight (the "Credit Agreement"), which provides for a revolving credit facility (the "Credit Facility"). The Credit Agreement Joinder, Assumption and Amendment adds three new lenders and modifies certain terms and conditions of the Credit Agreement. Among other modifications, the Credit Agreement Joinder, Assumption and Amendment increases the total revolving commitment under the Credit Facility from $350 million to $422.5 million, increases the amount of Permitted Ownership Based Financing from $600 million to $700 million, increases the Swing Line Commitment Amount from $25 million to $65 million, and increases the Permitted Secured Lease Obligations from $100 million to $200 million.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits: Exhibit Description 10.1 Joinder, Incremental Assumption Agreement and Ninth Amendment to Credit Agreement, effective as of June 24, 2024, among the Company, the other loan parties party thereto, the lenders party thereto and CIBC Bank USA as administrative agent for the lenders. 104 Inline XBRL for the cover page of this Current Report on Form 8-K.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. A-MARK PRECIOUS METALS, INC. Date: June 26, 2024 By: /s/ Carol Meltzer Name: Title: Carol Meltzer General Counsel and Secretary