exv4w18






Exhibit 4.18



CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO CERTAIN PORTIONS OF THIS AGREEMENT.
CONFIDENTIAL PORTIONS HAVE BEEN OMITTED AND FILED SEPARATELY WITH THE U.S. SECURITIES AND EXCHANGE
COMMISSION.



Mr. Peter
Ricketts, Group Senior Vice President, Treasury, Financial Strategy & Planning, Sims
Metal Management Limited, Suits 1202, Level 12, 65 Berry Street, North Sydney NSW 2060, Australia



CC: Mr. Robert Larry, Global Chief Financial Officer, Sims Metal Management Limited, 326 North
LaSalle Street, Suits 580, Chicago, IL 60610, United States of America



27 November 2009



Dear Peter,




Renewal Notice




A$460m Multi Option Facility Agreement dated 2 November 2009 between Sims Metal

Management Limited and related companies and the Commonwealth Bank of Australia


We refer to the multi-option facility agreement dated 2 November 2000 between each party listed in
Schedule 1 of that agreement (as Borrowers) and the Commonwealth Bank of Australia (as Lender)
(Facility Agreement).



Under clause 4.6 of the Facility Agreement we give you notice that the Lender has agreed to extend
the Final Termination Date by 12 months, from 31 December 2010 (Existing Final Termination Date) to
31 December 2011 (New Final Termination Date), subject to the following conditions:





	a)	 	the Borrowers indicating their acknowledgement and agreement to the extension of the Final
Termination Date by 12 months, by signing and delivering this notice to the Lender within 30
days at receiving it;
	 
	b)	 	The Borrowers indicating their acknowledgement and agreement to the Key Terms Schedule being
amended and restated in the form set out in the Schedule to this notice, by initialing the
attached schedule and delivering the initialled schedule (attached to this notice) to the
Lender within 30 days of receiving it;
	 
	c)	 	[*]; and
	 
	d)	 	The Lender is mandated with a minimum role as Joint Agent and 60% share of fees for any USPP
executed by the Borrower to 31 December 2010.




Subject to the above conditions being satisfied, we agree that on and from the Existing Final
Termination Date:





	e)	 	the definition of “Final Termination Date” in clause 1.2 of the Facility Agreement shall be
amended to be the New Final Termination Date;
	 
	f)	 	the Key Terms Schedule will be amended end restated in the form set out in the attached
Schedule; and
	 
	g)	 	A term defined in the Facility Agreement has the same meaning when used in this
Renewal Notice.





[*] Confidential Treatment Requested









 









 








Schedule — Amended and restated Key Terms Schedule




Part 1 — Cash Advance Facility




	 	 	 	 	 

	Facility	 	Available.
	 
	Facility Limit	 	Not applicable.
	 
	Purpose	 	Financing or supporting the working capital needs of the Sims Group.
	 
	Termination Date	 	Not applicable.
	 
	Margin	 	The Margin determined in accordance with the following table:
	 
	 

	 	Gearing ratio
	 	Margin
	 

	 	[*]
	 	[*]






[*] Confidential Treatment Requested






 









 








Part 2 — Commercial Bills Facility




	 	 	 	 	 

	Facility	 	Available.
	 
	Facility Limit	 	Not applicable.
	 
	Purpose	 	Financing or supporting the working capital
needs of the Sims Group.
	 
	Termination Date	 	Not applicable.
	 
	Bill Acceptance / Endorsement Fee Rate	 	The Bill Acceptance /
Endorsement Fee Rate determined in accordance with the following table:
	 
	 

	 	 	 	Bill Acceptance / Endorsement
	 

	 	Gearing Ratio	 	Fee Rate
	 

	 	[*]
	 	[*]






[*] Confidential Treatment Requested







 









 








Part 3 — Credit Support Facility




	 	 	 	 	 
	Facility	 	Available.
	 
	Facility Limit	 	Not applicable.
	 
	Purpose	 	Financing or supporting the working capital
needs of the Sims Group.
	 
	Termination Date	 	Not applicable.
	 
	Credit Support Document Fee Rate	 	The Credit Support
Document Fee Rate determined in accordance with the following table:
	 
	 

	 	 	 	Credit Support Document Fee
	 	 	Gearing Ratio	 	Rate
	 

	 	[*]
	 	[*]






[*] Confidential Treatment Requested







 









 








Part 4 — Trade Finance Facility




	 	 	 	 	 
	Facility	 	Available.
	 
	Documentary LCs	 	Available.
	 
	Trade Advances	 	Available.
	 
	Process of Negotiation	 	Available.
	 
	Facility Limit	 	Not applicable.
	 
	Purpose	 	The financing or refinancing of Obligations.
	 
	Termination Date	 	Not applicable.
	 
	Margin	 	The Margin determined in accordance with the following table:
	 
	 

	 	Gearing Ratio	 	Margin
	 

	 	[*]
	 	[*]






[*] Confidential Treatment Requested








 









 








Part 5 — Overdraft Facility




	 	 	 	 	 	 	 
	Facility	 	Available.
	 
	Purpose	 	Financing or supporting the working capital needs of
the Sims Group.
	 
	Termination Date	 	Not applicable.
	 
	Overdraft Borrower

	 	1	Sims Group Australia Holdings Limited;
	 
	 

	 	2	Sims Aluminum Pty Limited;
	 
	 

	 	3	Sims Metal Management Ltd; and
	 
	 

	 	4	any other entity agreed by the Lender to be an
“Applicant” for the purposes of the Group Limit
Facility in accordance with paragraph (2)(g) of the
Group Limit Facility.








Part 6 — General




	 	 	 	 	 
	Commitment

	 	$450,000,000	 
	 
	Commitment Fee Rate

	 	On any date, [*] of the Margin on that date.

	 
	Final Termination Date

	 	31 December 2011.

	 
	Overdue Margin

	 	[*] per annum







[*] Confidential Treatment Requested








 









 







Agreed and acknowledged by Sims on behalf of the Borrowers:




Signed for

Sims Metal Management Limited




	 	 	 	 	 
	sign here
	 	 	 	 
	 

	 	 

Director
	 	 
	 
	 	 	 	 
	print name
	 	 	 	 
	 

	 	 

	 	 
	sign here
	 	 	 	 
	 

	 	 

Director/Company Secretary
	 	 
	 
	 	 	 	 
	print name

	 	 

	 	 
	 

	 	 

	 	 






[*] Confidential Treatment Requested








 









 








Lender




Signed for




Commonwealth Bank of Australia

by its attorney




	 	 	 	 	 

	sign here
	 	 	 	 
	 

	 	 

Attorney
	 	 
	 
	 	 	 	 
	print name
	 	 	 	 
	 

	 	 

	 	 
	 

	 	In the presence of	 	 
	 
	 	 	 	 
	sign here
	 	 	 	 
	 

	 	 

Witness
	 	 
	 
	 	 	 	 
	print name
	 	 	 	 
	 

	 	 

	 	 






[*] Confidential Treatment Requested