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DGSE Extends Loan Agreement Two Years

Feb 6, 2015 10:29 AM   By Jeff Miller
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RAPAPORT... DGSE Companies Inc. extended the term of its loan agreement and revolving credit note with NTR Metals LLC from August 1, 2015 until August 1, 2017.  NTR is an affiliate of Elemetal, LLC, which is DGSE’s largest shareholder.

Dusty Clem, the CEO of DGSE, said,  “We appreciate the continued support of Elemetal and their affiliate NTR. This extension illustrates one of the many ways that NTR and the entire Elemetal family of companies continue to collaborate with DGSE. Our relationship with Elemetal continues to provide mutual benefits to each party.”

Elemetal offers a full range of refining, recycling, minting and trading services and it became DGSE's largest shareholder last year. In addition, Elemetal is DGSE’s primary dealer for bullion purchases and is the primary refiner of recyclable precious metal. The credit facilities are secured by DGSE's tangible and intangible assets.
 

Tags: DGSE, diamonds, financing, gold, Jeff Miller, Jewelry, lending, loan, pawn, terms
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