$3MM Singapore purchase order finance of rare earth metals
Summary:
Established in 2000 in Singapore, the borrower is a special alloy recycling company. The borrower is engaged in buying and selling worldwide of super alloys (nickel, cobalt, titanium, tungsten, niobium, tantalum, molybdenum, platinum, palladium), high resistance alloys (nickel, molybdenum, chrome), and tool steel alloys. Main buyers are in the aerospace, defence, utility, and oil & gas industries.
Purchase Order Finance Facility comprised of 2 phases.
Phase 1: Ocean voyage financing of shipment flows from Taiwan, Korea, Vietnam, Indonesia to Singapore for 5 - 15 days.
Phase 2: Stock inventory financing in Singapore for up to 30 - 45 days.
Total of up to 60 days back to back transactional financing from Asian suppliers to end buyers in US, Europe and Japan.
Industry:
Borrower Region:
Facility Type:
Facility Limit:
Deal Amount:
Deal Tenor:
Collateral:
HMX Co-Lend:
Pricing (%pa):
Status:
Special alloy recycling
Singapore
Purchase Order Finance
$3 million
$100,000 - $500,000
Up to 60 days (5 - 15 days for voyage finance and 30 - 45 days for stock finance).
Special alloy
Yes
13.5%pa
Active