Oryx Stainless Extends Syndicated Credit Facility to Support Global Growth

Oryx Stainless Strengthens Global Position with New Credit Facility

Oryx Stainless Group, a leading stainless steel scrap trader based in the Netherlands, has successfully extended its syndicated credit facility ahead of schedule. The new asset-based financing agreement is valued at €110 million ($129 million), with the option to increase the facility to €130 million ($152 million). This move reinforces Oryx’s strategic positioning as a key global player in the stainless steel recycling market.

The updated financing package includes a three-year initial term and an option for a two-year extension. Oryx confirms the primary objective of the facility is to enable “flexible and needs-based financing” for its European operations. Additionally, it provides essential collateral for commodity hedging, ensuring greater financial agility amid volatile metal pricing environments.

Major European banks form the core of this consortium. These include HSBC Germany, Commerzbank, DZ Bank, NRW.Bank, Stadtsparkasse Düsseldorf, and Rabobank. The longstanding relationship—now 25 years strong—between Oryx and HSBC underscores a deep-rooted partnership in the metals financing space.

Expansion in Asia Aligns with Financing Strategy

Oryx Stainless continues its rapid expansion in Asia, and its new Malaysian site is now included under the financing umbrella. Moreover, HSBC Malaysia actively supports the Oryx Stainless Malaysia facility, marking an important step in Oryx’s regional development strategy. Meanwhile, Oryx Stainless Thailand, a well-established entity in ASEAN, has transitioned to a local revolving credit facility.

This Thai-based facility—implemented in 2020 in partnership with HSBC Thailand and Kasikornbank—amounts to 1 billion Thai baht ($31.4 million). As a result, it aligns closely with Oryx’s objective of decentralizing financing structures to support regional operations more effectively.

According to CFO Roland Mauss, these tailored financing models have allowed Oryx to “become a global player in the field of stainless steel recycling.” Furthermore, HSBC Germany’s CEO Dr. Michael Schleef adds that the bank is “delighted to once again support Oryx Stainless Group,” which signals strong confidence in the group’s global supply chain strategy and market leadership.

SuperMetalPrice Commentary:

Oryx’s early extension of its syndicated credit facility signals strong financial health and proactive capital planning. The group adds new borrowers and regional lenders, reinforcing stable operations and driving global growth. Southeast Asia remains a key focus, with rising demand for recycled stainless steel across the region. This move positions Oryx as a flexible, finance-savvy leader in today’s volatile and sustainability-driven metals market. We expect steady expansion and more localized credit strategies as Oryx continues building its global presence.