Document:

EX-4.18

 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. 
  

					
	To:	  	Sims Metal Management Limited ACN 114 838 630
		  	 Level 12, Suite 1202
 65
Berry Street
 North Sydney NSW 2060

Australia
	  	
			
	Attention:	  	Peter Ricketts	  	
			
	Date:	  	22 June 2012	  	

 Dear Sirs 

AMENDED AND RESTATED MULTI OPTION FACILITY AGREEMENT – FEE LETTER 
 We refer to the document entitled “Multi Option Facility Agreement” dated 3 December 2003 between, amongst others, Sims Metal Management Limited ACN 114 838 630 (formerly Sims Group
Limited) (Sims) and HSBC Bank Australia Limited ABN 48 006 434 162, as amended from time to time (Facility Agreement). 
  

	1.	Definitions and Interpretation 

  

	1.1	A term defined in the Facility Agreement (including by incorporation) has the same meaning when used in this fee letter unless stated otherwise in this fee letter.

  

	1.2	Clause 1.2 of the Facility Agreement is incorporated into this fee letter as if set out in this fee letter in full and as if all references in that provision to
“this Agreement” were to this fee letter. 

  

	1.3	The provisions of the Facility Agreement will apply to this fee letter. 

  

	1.4	This fee letter is a Transaction Document and is issued pursuant to clause 4(b) of the Amendment and Restatement Deed dated on or about 23 June 2011 between,
amongst others, Sims, HSBC Bank plc, HSBC Bank Australia Limited, HSBC Bank USA, National Association and The Hongkong and Shanghai Banking Corporation Limited. 

 

	1.5	This fee letter is entered into in connection with the Cash Advance Facilities. 

 

	2.	Margin under Cash Advance Facilities 

 The Margin under the Cash Advance Facilities is to be determined by reference to the table set out below based on the ratio of Financial Indebtedness of the Sims Group to EBITDA as calculated in the most
recent Compliance Certificate: 
  

			
	 Financial Indebtedness of the Sims

Group to EBITDA
	 	Applicable Margin (% per annum)
		
	[*]	 	[*]

  

	3.	Fees 

  

	3.1	Commitment Fee[*] of the applicable Margin. 

  

	3.2	Establishment Fee 

 Nil.

  
 [*]
Confidential Treatment Requested 

	3.3	[*] 

  

	4.	Other terms 

  

			
	AUD Commitment (clause 1.1)	  	For the AUD Cash Advance Facility granted by HSBC (Australia): AUD4,000,000
		
	Euro Commitment (clause 1.1)	  	N/A
		
	GBP Commitment (clause 1.1)	  	For the GBP Cash Advance Facility granted by HSBC (UK): GBP27,700,000 [*]
		
	Termination Date (clause 1.1)	  	 23 June 2015.
  

As discussed, the Lenders will conduct a further review of the Termination Date following the release of the annual audited Financial Report of the Sims
Group for the financial year ended 30 June 2012. Following this review, the Lenders may agree (in their sole and absolute discretion) to extend the Termination Date to 31 October 2015.

		
	USD Commitment (clause 1.1)	  	 For the USD Cash Advance Facility granted by HSBC (Australia): USD97,300,000 [*].

 
 For the USD Cash Advance Facility granted by HSBC (US): USD101,200,000
[*].
  
 For the USD Cash Advance Facility granted by HSBC (UK):
USD58,800,000 [*].

  

	5.	Change in the Margin and/or Fees 

 Any change in the Commitments, Termination Date, Margin or fees set out above will apply with effect from the date Sims signs and delivers the enclosed copy of this fee letter to the Lenders. 

 

	6.	Confidentiality 

 This fee
letter must not be disclosed by Sims to any entity or person except as may be required by law or to Sims’ employees and legal and financial advisers who have a need to know the information and who are made aware of and agree to be bound by the
confidentiality obligation under this paragraph. 
  

	7.	Counterparts 

 This fee
letter may be signed in any number of counterparts, each of which shall be an original and which shall be taken together to constitute one agreement. 

  
 [*]
Confidential Treatment Requested 

	8.	Governing Law 

 This fee
letter shall be governed by, and construed in accordance with, the laws of New South Wales. 
 Please confirm your agreement to the above by
signing, dating and returning to us the enclosed copy of this fee letter. 
 Yours faithfully 

 

	
	 /s/ Alistair Wood

	For and on behalf of HSBC Bank Australia Limited
	Name: Alistair Wood
	Capacity: State Manager
	Date: 22 June 2012
	
	 /s/ Mike Hodges

	For and on behalf of HSBC Bank plc
	Name: Mike Hodges
	Capacity: Deputy Head of Corporate Banking
	Date: 22 June 2012
	
	 /s/ Randolph Cates

For and on behalf of HSBC Bank USA, National Association 
 Name: Randolph Cates 
 Capacity: Senior Relationship Manager 

Date: June 26, 2012 

  
 [*]
Confidential Treatment Requested 

	To:	HSBC Bank Australia Limited 

HSBC Bank plc 

HSBC Bank USA, National Association 
 We hereby confirm and agree to the terms of this fee letter as set out above. 
  

	
	 /s/ Peter Ricketts

for and on behalf of Sims Metal Management Limited ACN 114 838 630 
 Name: Peter Ricketts 
 Capacity: Group Senior Vice President Treasury, Financial
Strategy & Planning 
 Date: 26/6/12 

  
 [*]
Confidential Treatment RequestedEX-4.19

 Exhibit 4.19 
 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. 
 Renewal Notice 
  

 
 To: Sims Metal Management Limited ACN 114 838 630
(Sims) 
 Attention: Peter Ricketts 
 Date: 18 June 2012 
 We refer to the amended and restated Multicurrency Revolving Floating
Rate Cash Advance Facility – Facility Agreement dated 1 November 2000, as amended and restated from time to time and most recently on 23 June 2011, between each party listed in Schedule 1 of that agreement (as Borrowers)
and Westpac Banking Corporation (the Lender) (Facility Agreement). 
 Under clause 3.6 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 and Guarantors: 

  

	 	(i)	indicating their acknowledgement and agreement to the extension of the Final Termination Date to the New Final Termination Date; and 

 

	 	(ii)	undertaking that the representations and warranties in clause 8 of the Facility Agreement are true as at the date of this notice and that no Default subsists,

 by Sims, on behalf of itself and each other Borrower and Guarantor, signing and delivering this notice to the
Lender within 30 days of receiving it; 
  

	(b)	the Borrowers and Guarantors 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 (Key Terms Schedule), by Sims, on behalf of itself and each other Borrower and each Guarantor, initialling the attached schedule and delivering the initialled schedule (attached to this notice) to the Lender within 30 days
of receiving it; 

  

	(c)	[*]; and 

  

	(d)	searches (such as ASIC and PPSR register searches) deemed necessary by Westpac and satisfactory resolution of all issues arising from Westpac’s review of those
searches. 

 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” under the Facility Agreement shall be amended to be the New Final Termination Date specified in the Key Terms
Schedule set out in the Schedule to this notice; and 

  

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

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 

 
  
  

							
	FACILITY DETAILS	  		  		  	
	Maximum outstanding moneys at any time	  	Euro Tranche	  	USD Tranche	  	GBP Tranche
		  		  	millions	  	
		  	€27  
 [*]
  
 (Euro Commitment)
	  	US$175  
 [*]
  
 (USD Commitment)
	  	£89.6  
 [*]
  
 (GBP Commitment)

			
	Margin	  	Financial Indebtedness of the
 Sims Group/EBITDA =
	  	Margin
			
		  	[*]	  	[*]
				
	Final Termination Date	  	31 October 2015.	  		  	
		
	Fees	  	[*]  
 Unused Commitment Fee: [*] of the applicable Margin.

  
 [*]
Confidential Treatment Requested 

			
		 	Lender
		
		 	 Signed for
 Westpac
Banking Corporation
 by its attorney

		
	sign here u	 	 /s/ Jeroen Nanninga

		 	Attorney
		
	print name	 	 Jeroen Nanninga

		
		 	in the presence of
		
	sign here u	 	 /s/ Lucy Jin

		 	Witness
		
	print name	 	 Lucy Jin

  
  

  
 [*]
Confidential Treatment Requested 

 Agreed and acknowledged by Sims for itself and on behalf of the other Borrowers: 

 

			
		 	Sims
		
		 	 Signed for
 Sims Metal
Management Limited for itself
 and as attorney for each other Transaction Party

pursuant to clause 15.2 of the Common Terms Deed
 in accordance with section 127(1) of the
 Corporations Act 2001 (Cth)

by a director and secretary/director:

		
	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

  
  

  
 [*]
Confidential Treatment RequestedEX-4.20

 Exhibit 4.20 
 Deed of Amendment 
  

			
	Date	  	21 September 2011
		
	Parties	  	 Sims Metal Management Limited
 ACN 114 838 630 of Sir Joseph Banks Corporate Park, Suite 3, Level 2 32-34 Lord Street Botany NSW 2019 (Sims)
 and each other Transaction Party under the Common Terms Deed (defined below)

		
		  	 Bank of America, N.A.

of 800 5th Avenue – FL 36, Seattle, WA 98104, United States of America

		
		  	 Commonwealth Bank of Australia
 ABN 48 123 123 124 of Level 21, Darling Park Tower 1, 201 Sussex Street, Sydney, New South Wales 2000, Australia

		
		  	 HSBC Bank Australia Limited
 ABN 48 006 434 162 of Level 31, 580 George Street Sydney New South Wales 2000, Australia

		
		  	 HSBC Bank plc
 of
City Corporate Banking Centre, 60 Queen Victoria Street, London, EC4N 4TR

		
		  	 HSBC Bank USA, National Association
 of 452 Fifth Avenue, New York, New York 10018 USA

		
		  	 The Hongkong and Shanghai Banking Corporation Limited
 ABN 65 117 925 970 of Level 10, 1 Queens Road, Central Hong Kong

		
		  	 National Australia Bank Limited
 ABN 12 004 044 937 of Level 18, 255 George Street Sydney NSW 2000 Australia

		
		  	 Westpac Banking Corporation
 ABN 33 007 457 141 of Level 3, 275 Kent Street Sydney NSW 2000 Australia

		
		  	(each of the foregoing banks and financial institutions is a Lender and together the Lenders)

  
  

Recitals 
  

	A	The parties have entered into the Common Terms Deed dated 23 June 2011 (Common Terms Deed) between Sims, each party listed in Part 1 of Schedule 1 of
that deed as Original Borrowers, each party listed in Part 2 of Schedule 1 of that deed as Original Guarantors and the persons listed in Part 3 of Schedule 1 of that deed as Original Lenders. 

 

	B	The parties have agreed to amend the Common Terms Deed as set out in this Deed. 

  
 1 

 Operative provisions 
  

 
  

	1.	Definitions and Interpretation 

  

	1.1	Capitalised terms used in this Deed have the same meaning as in the Common Terms Deed, unless otherwise defined in this Deed. 

 

	1.2	Clause 1.3 of the Common Terms Deed applies to this Deed as if set out in full in this Deed and all references to this deed were references to this
Deed. 

  

	2.	Amendment 

  

	2.1	The parties to this Deed agree that the Common Terms Deed is amended, with effect from the date of this Deed, as follows: 

The definition of EBITDA in clause 1.2 of the Common Terms Deed is deleted and replaced with the following: 

 

							
	EBITDA	 	for a relevant period and in respect of the Sims Group, the profit on ordinary activities before:
			
		 	1    	 	taxation;
			
		 	2	 	Net Interest Expense;
			
		 	3	 	amortisation of Intangible Assets and depreciation of Tangible Assets of the Sims Group;
			
		 	4	 	LTI Expense; and
			
		 	5	 	any impairment charge or loss (or gain or reversal) relating to the recoverable amount of assets (including any impairment charge relating to goodwill or identified
Intangible Assets),
		
		 	as shown on a consolidated basis and as disclosed in the Sims Group’s most recent audited consolidated annual Financial Reports or semi-annual audited or unaudited
consolidated Financial Reports, as applicable.
		
		 	For the purposes of calculating EBITDA, the calculation will be adjusted to exclude:
			
		 	1	 	any significant non-cash items or items disclosed as required by AASB 101.97 and AASB 101.98 due to their size or nature or by the corresponding provisions of future
revisions of this accounting standard, that are of a non-recurring nature including but not limited to:
				
		 		 	•     	 	losses or gains on the sale or revaluation of assets,
				
		 		 	•	 	costs relating to restructuring and redundancy,
				
		 		 	•	 	discontinued operations,
				
		 		 	•	 	discounts on acquisition and gains on formation of joint ventures,
				
		 		 	•	 	post acquisition adjustments to contingent liabilities recorded on the date of a business acquisition pursuant to purchase accounting rule changes to be introduced on 1 July
2009, and
				
		 		 	•	 	costs associated with becoming Sarbanes-Oxley Act compliant (as required following the Sims Group’s registration as an issuer in the United States of America);

  
 2 

							
		 	2    	 	significant unrealized gains or losses;
			
		 	3	 	any other significant non-cash items or items including but not limited to:
				
		 		 	•     	  	write downs of inventory to net realisable value; and
				
		 		 	•	  	forgone profit arising from sales contract negotiations,
		
		 	that are of a non-recurring nature.
		
		 	 The foregoing adjustments to EBITDA in paragraphs (1) to (3) for each Calculation Period will be agreed by the Lender and
Sims in writing prior to the end of that Calculation Period, subject to the operation of clause 17.3.
  
 Except for the purpose of calculating the ratio of Net Interest Expense to EBITDA under clause 4.17(a)(2), EBITDA as calculated on any Calculation Date will be adjusted to take into account the effects of
any acquisitions or disposals of any company or business made during the Calculation Period ending on that Calculation Date. The adjustments will be made on the basis of the historical EBITDA of the company or business acquired or disposed of in the
Calculation Period and ending on that Calculation Date by reference to historical EBITDA for the twelve months immediately preceding the Calculation Date and by reference to:

			
		 	1	 	in the case of a disposal, the period of time during which the applicable company or business was part of the Sims Group; or
			
		 	2	 	in the case of an acquisition, for that period being the twelve months immediately preceding the Calculation Date.

  

	3.	References to Common Terms Deed 

  

	3.1	Every reference in the Transaction Documents to the Common Terms Deed is to be construed as a reference to the Common Terms Deed as amended by this Deed. Any reference
to this deed, in this deed, of this deed, this agreement or words to the same effect in the Common Terms Deed will be construed as a reference to the Common Terms Deed as amended by this Deed.

  

	4.	Confirmation 

  

	4.1	Subject to the provisions of this Deed, the Common Terms Deed is confirmed and remains in full force and effect. This Deed and the Common Terms Deed will be read and
construed as one document. 

  

	5.	General Provisions 

  

	5.1	This Deed is a Transaction Document in respect of each Lender for the purposes of the Common Terms Deed. 

 

	5.2	This Deed is governed by the laws of New South Wales. Each Transaction Party irrevocably submits to the non-exclusive jurisdiction of the courts of New South Wales.

  

	5.3	This Deed may be executed and delivered in counterparts (including by facsimile transmission), each of which will be deemed an original. 

 

	5.4	Each of the attorneys executing this Deed states that the attorney has no notice of the revocation of the power of attorney appointing that attorney.

  
 3 

 Executed as a deed. 
  

			
		 	Sims
		
		 	 Executed by
 Sims Metal
Management Limited
 for itself and as attorney for each
 other Transaction Party pursuant
 to clause 15.2 of the

Common Terms Deed 

in accordance with section 127(1) of the
 Corporations Act 2001 (Cth)
 by a director and secretary/director:

		
	sign here u	 	 /s/ Frank Moratti

		 	Company Secretary/Director
		
	print name	 	 Frank Moratti

		
	sign here u	 	 /s/ Daniel W. Dienst

		 	Director
		
	print name	 	 Daniel W. Dienst

  
  

  
 4 

			
		 	Lender
		
		 	 Executed by
 Bank of
America, N.A.
 by its duly Authorised Officer in the
 presence of:

		
	sign here u	 	 /s/ Timothy G. Holsapple

		 	Authorised Officer
		
	print name	 	 Timothy G. Holsapple

		
	print title	 	 Senior Vice President

		
		 	in the presence of
		
	sign here u	 	 /s/ Heidi E. Green

		 	Witness
		
	print name	 	 Heidi E. Green

  
  

  
 5 

			
		 	Lender
		
		 	 Signed sealed and delivered for
 Commonwealth Bank of Australia
 by its attorney

		
	sign here u	 	 /s/ Katherine Morrison

		 	Attorney
		
	print name	 	 Katherine Morrison

		
		 	in the presence of
		
	sign here u	 	 /s/ Witness

		 	Witness
		
	print name	 	 Witness

  
  

  
 6 

			
		 	Lender
		
		 	 Signed sealed and delivered for
 HSBC Bank Australia Limited
 by its attorney

		
	sign here u	 	 /s/ Bridget Ann Powell

		 	Attorney
		
	print name	 	 Bridget Ann Powell

		
		 	in the presence of
		
	sign here u	 	 /s/ Elin Schwarzenecker

		 	Witness
		
	print name	 	 Elin Schwarzenecker

  
  

  
 7 

			
		 	Lender
		
		 	 Signed sealed and delivered for
 HSBC Bank plc
 by its attorney

		
	sign here u	 	 /s/ Michael Hodges

		 	Attorney
		
	print name	 	 Michael Hodges

		
		 	in the presence of
		
	sign here u	 	 /s/ S.R. Adlock

		 	Witness
		
	print name	 	 S. R. Adlock

  
  

  
 8 

			
		 	Lender
		
		 	 Signed sealed and delivered for
 HSBC Bank USA, National Association
 by its authorised signatory

		
	sign here u	 	 /s/ Randolph Cates

		 	Authorised signatory
		
	print name	 	 Randolph Cates, VP Senior Relationship Mgr

		
		 	in the presence of
		
	sign here u	 	 /s/ Khalid Alkadi

		 	Witness
		
	print name	 	 Khalid Alkadi, AVP Relationship Mgr

  
  

  
 9 

			
		 	Lender
		
		 	 Signed sealed and delivered for
 The Hongkong and Shanghai Banking Corporation Limited
 by its attorney

		
	sign here u	 	 /s/ Albert Chan Leung Choi

		 	Attorney
		
	print name	 	 Albert Chan Leung Choi

		
		 	in the presence of
		
	sign here u	 	 /s/ Jaron Campbell

		 	Witness
		
	print name	 	 Jaron Campbell

  
  

  
 10 

			
		 	Lender
		
		 	 Signed sealed and delivered for
 National Australia Bank Limited
 by its attorney

		
	sign here u	 	 /s/ Steven Russell

		 	Attorney
		
	print name	 	 Steven Russell

		
		 	in the presence of
		
	sign here u	 	 /s/ Cosimino Attillo

		 	Witness
		
	print name	 	 Cosimino Attillo

  
  

  
 11 

			
		 	Lender
		
		 	 Signed sealed and delivered for
 Westpac Banking Corporation
 by its attorney

		
	sign here u	 	 /s/ Jeroen Nanninga

		 	Attorney
		
	print name	 	 Jeroen Nanninga

		
		 	in the presence of
		
	sign here u	 	 /s/ Andrew O’Connor

		 	Witness
		
	print name	 	 Andrew O’Connor

  
  

  
 12

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00208-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00208-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00208-of-00352.parquet"}]]