Document:

EX-4.16

 Exhibit 4.16 
 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. 
 Date: June 19, 2012 
 To: Sims Group USA Holdings Corporation 
 Attention: Peter Ricketts, Group Senior Vice President

 Ladies and Gentlemen: 
 We refer to that certain Second Amended and Restated Credit Agreement, dated as of June 23, 2011 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, (the
“Credit Agreement”), among Sims Group USA Holdings Corporation, a Delaware corporation, formerly known as Sims Hugo Neu Corporation (“Company”), the Designated Borrowers from time to time party thereto, and Bank of
America, N.A. (the “Lender”), and reference is made thereto for full particulars of the matters described therein. All capitalized terms used in this Renewal Notice and not otherwise defined herein shall have the meanings assigned
to them in the Credit Agreement. 
 Under Section 2.05 (a) of the Credit Agreement, the Lender hereby notifies
Company that the Lender has agreed to extend the Maturity Date by 16 months, from June 23, 2014 (“Existing Maturity Date”) to October 31, 2015 (“New Maturity Date”), subject to the following conditions:

 (a) the Borrowers indicating their acknowledgement and agreement to the extension of the Maturity Date by 16 months, by
signing and delivering this notice to the Lender within 30 days of 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 initialed schedule (attached to this notice) to the Lender
within 30 days of receiving it; and 
 (c) [*]. 
 Subject to the above conditions being satisfied, we agree that on and from the Existing Maturity Date: 
 (a) the definition of “Maturity Date” in Section 1.01 of the Credit Agreement shall be amended to be the New Maturity Date; and 

(b) the Key Terms Schedule will be amended and restated in the form set out in the attached Schedule. 

Signatures on next page 

  
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Confidential Treatment Requested 

 
			
	BANK OF AMERICA, N.A.
		
	By:	 	 /s/ Heidi E. Green

	Name:	 	Heidi E. Green
	Title:	 	Vice President

 Agreed and acknowledged by Sims Metal Management Limited, an Australian corporation, on behalf of the Company and
the Borrowers: 
  

			
	SIMS METAL MANAGEMENT LIMITED ACN 114 838 630 as attorney for the Company and the Borrowers pursuant to clause 15.2 of the Common Terms Deed dated 23 June 2011
between Sims Metal Management Limited, the Borrowers and others, in accordance with section 127(1) of the Corporations Act 2001 (Cth) by a director and secretary/director
		
	By:	 	 /s/ Daniel W. Dienst

	Name:	 	   Daniel W. Dienst

	Title:	 	   Director

		
	By:	 	 /s/ Frank Moratti

	Name:	 	   Frank Moratti

	Title:	 	   Company Secretary

  
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Confidential Treatment Requested 

 KEY TERMS SCHEDULE 

 

											
	“Commitment”	  	$200,000,000.
						
	“Applicable Margin”	  	Pricing
Level	 	Gearing Ratio	 	Commitment
Fee	 	Eurocurrency
Rate Loans
Standby
Letters of
Credit	 	Base Rate
Loans
		  	[*]	 	[*]	 	[*]	 	[*]	 	[*]
					
	 “Maturity Date”
	  	October 31, 2015	 		 		 	

  
 [*]
Confidential Treatment RequestedEX-4.17

 Exhibit 4.17 
 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. 
  
 

 
  

			
	 Penny Bishop
 Senior Vice
President
 Institutional Banking & Markets
 Telephone:     +61 2 9118 4132

Facsimile:      +61 2 9118 4003
	 	 Level 21 Darling Park Tower 1
 201 Sussex Street
 Sydney NSW 2000

Australia

  

			
	Mr Peter Ricketts	 	CC: Mr Robert Larry
	Group Senior Vice President	 	Global Chief Financial Officer
	Treasury, Financial Strategy & Planning	 	Sims Metal Management Limited
	Sims Metal Management Limited	 	325 North LaSalle Street
	Suite 1202, Level 12	 	Suite 550
	65 Berry Street	 	Chicago, IL 60610
	North Sydney NSW 2060	 	United States of America
	Australia	 	

 22 June 2012 
 Dear Peter, 
 Renewal Notice 

A$450m Multi Option Facility Agreement dated 2 November 2009, as amended from time to time, 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 2009,
as amended from time to time, between each party listed in Schedule 1 of that agreement (as Borrowers) and the Commonwealth Bank of Australia (as Lender) (Facility Agreement). 

Under clause 3.5 of the Facility Agreement we give you notice that the Lender has agreed to extend the Final Termination Date from 23 June 2014
(Existing Final Termination Date) to 31 October 2015 (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 signing and delivering this notice to the Lender within
30 days of 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
initialling the attached schedule and delivering the initialled schedule (attached to this notice) to the Lender within 30 days of receiving it; and 

  

	c)	[*]. 

  
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Confidential Treatment Requested 

  
 

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

  

	a)	the definition of “Final Termination Date” in clause 1.2 of the Facility Agreement shall be amended to be the New Final Termination Date;

  

	b)	the Key Terms Schedule will be amended and restated in the form set out in the attached Schedule; 

 

	c)	A term defined in the Facility Agreement has the same meaning when used in this Renewal Notice; 

 

	d)	Clause 3.5 (a) of the Facility Agreement will now read as follows: “on or before 31 October of each year, the Lender may review its participation under
this agreement. Following this review the Lender, at its absolute discretion, may offer to extend its participation under the Facility Agreement to a date falling 12 months after the Final Termination Date (New Termination Date) by delivering
to Sims a signed Renewal Notice attaching a proposed Key Terms Schedule and/or specifying a revised ‘Margin’ (as defined in the Group Limit Facility) for the Overdraft Facility”. The next Review and renewal of Commitment will occur on
31 October 2013. 

  

	e)	Clause 3.6 (a) of the Facility Agreement will now read as follows: “On 31 October of each year, the Commitment for each Facility will be reset to an
amount expressed in the Commitment Currency for that facility (Revised Commitment) which in aggregate is equivalent to a total amount of A$450,000,000 (or such other amount as is agreed by the Lender (in its discretion) and Sims)”. The
next Annual reset of Commitment will occur on 31 October 2013. 

  
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Confidential Treatment Requested 

 Schedule – Amended and restated Key Terms Schedule 

 
  
 Part 1 – Cash Advance Facility 
  

					
	Facility	 	Available.	 	
			
	Facility Limit	 	Not applicable.	 	
		
	Purpose	 	Acquisition financing and for general corporate purposes.
		
	Margin	 	The Margin determined in accordance with the following table:
			
		 	Gearing Ratio	 	Margin
			
		 	[*]	 	[*]

  
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Confidential Treatment Requested 

 Part 2 – Commercial Bills Facility 

 

					
	Facility	 	Available.	 	
			
	Facility Limit	 	Not applicable.	 	
		
	Purpose	 	Acquisition financing and for general corporate purposes.
		
	Bill Acceptance / Endorsement Fee Rate	 	The Bill Acceptance / Endorsement Fee Rate determined in accordance with the following table:
			
		 	Gearing Ratio	 	Bill Acceptance / Endorsement Fee Rate
			
		 	[*]	 	[*]

  
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 Part 3 – Credit Support Facility 

 

					
	Facility	 	Available.
		
	Facility Limit	 	Not applicable.
		
	Purpose	 	Acquisition financing and for general corporate purposes.
		
	Credit Support Document Fee Rate	 	The Credit Support Document Fee Rate determined in accordance with the following table:
			
		 	Gearing Ratio	  	Credit Support Document Fee Rate
			
		 	[*]	  	[*]

  
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 Part 4 – Trade Finance Facility 

 

					
	Facility	 	Available.
		
	Documentary LCs	 	Available.
		
	Trade Advances	 	Available.
		
	Proceeds of Negotiation	 	Available.
		
	Facility Limit	 	Not applicable.
		
	Purpose	 	The financing or refinancing of Obligations.
		
	Margin	 	The Margin determined in accordance with the following table:
			
		 	Gearing Ratio	  	Margin
			
		 	[*]	  	[*]

  
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 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 Aluminium 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 A – A$ Facility 
  

			
	Facility	 	Available.
		
	Facility Limit	 	A$52,250,000.
		
	Final Termination Date	 	31 October 2015.

 Part B – US$ Facility 
  

			
	Facility	 	Available.
		
	Facility Limit	 	US$241,500,000.
		
	Final Termination Date	 	31 October 2015.

 Part C – GBP Facility 
  

			
	Facility	 	Available.
		
	Facility Limit	 	GBP100,000,000.
		
	Final Termination Date	 	31 October 2015.

  
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Confidential Treatment Requested 

 Part D – General 

 

							
	 Commitment
	  	A$ Facility	  	US$ Facility	  	GBP Facility
	  		  	Millions	  	
	  	A$52.25	  	US$241.5	  	GBP100
		
	 Commitment Fee Rate
	  	On any date, [*] of the applicable Margin on that date.
		
	 Final Termination Date
	  	31 October 2015.
		
	 Overdue Margin
	  	[*] per annum.

  
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Confidential Treatment Requested 

 Lender 
 Signed for 
 Commonwealth Bank of Australia 

by its attorney 
  

			
	sign here u	 	 /s/ Penelope Bishop

		 	Attorney
		
	print name	 	 Penelope Bishop

		
		 	in the presence of
		
	sign here u	 	 /s/ Katherine Morrison

		 	Witness
		
	print name	 	 Katherine Morrison

  
  

  
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Confidential Treatment Requested 

 Agreed and acknowledged by Sims on behalf of the Borrowers: 

Signed for 

Sims Metal Management Limited 
  

			
	sign here u	 	 /s/ Daniel W. Dienst

		 	Director
		
	print name	 	 Daniel W. Dienst

		
	sign here u	 	 /s/ Frank Moratti

		 	Director/Company Secretary
		
	print name	 	 Frank Moratti

  
  

  
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Confidential Treatment Requested

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