Amsterdam, 29 April 2011 --- AMG Advanced Metallurgical Group N.V. ("AMG," EURONEXT AMSTERDAM: "AMG") has entered into a five-year $300 million multicurrency term loan and revolving credit facility with Commerzbank AG and Lloyds TSB Bank plc as co-bookrunners. HSBC Bank plc, RBS Citizens NA and Unicredit Bank AG served as Mandated Lead Arrangers.

The $300 million credit facility is composed of a $100 million term loan and a $200 million revolving credit facility. AMG used the proceeds of the credit facility to repay its existing $275 million term loan and multicurrency revolving credit facility which was due to expire in August 2012.

The new credit facility's borrowing costs are consistent with those in the existing debt facility. The new facility is structured to be able to increase beyond $300 million under certain conditions to support AMG's growth. The five-year facility extends the term of the Company's primary debt agreements to April 2016, providing a stable capital base and additional liquidity to accelerate strategic growth opportunities.