Document:

exv4w14

Exhibit 4.14

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.

Strictly Private and Confidential

	 	 	 

	To:

	 	Sims Metal Management Limited ACN 114 838 630
	 

	 	Suite 1202
	 

	 	Level 12, 65 Berry Street
	 

	 	North Sydney NSW 2080
	 
	 	 
	Attention:

	 	Peter Ricketts
	 
	 	 
	Date:

	 	13 December 2009
	 
	 	 
	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 clause 1.1 of the Facility Agreement 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.
	 
	1.5	 	This fee letter is entered into in connection with the Cash Advance Facility, the Trade
Facilities and the Bank Guarantee and Standby Letter of Credit Facility.
	 
	2.	 	Margin under Cash Advance Facility

The Margin referred to in section 1 of Schedule 1 of the Facility Agreement in relation to
the Cash Advance Facility is based upon the following table;

	 	 	 	 	 
	Debt / EBITDA	 	Margin	 	Commitment Fee ([*] of Margin)
	[*]

	 	[*]
	 	[*]

[*] Confidential Treatment Requested

 

 

	3.	 	Fees

	3.1	 	[*]
	 
	3.2	 	Commitment Fee

	 	(a)	 	The Commitment Fee referred to in clause 10.5 of the Facility Agreement is [*]
of the applicable margin per annum, as set out in 2 above.

	3.3	 	Establishment Fee

	 	(a)	 	The Establishment Fee referred to in section 1 of Schedule 3 of the Facility
Agreement in relation to the Bank Guarantee and Standby Letter of Credit Facility is
AUD100, effective on and from 1 May 2009.

	3.4	 	Guarantee Fee

	 	(a)	 	The Guarantee Fee referred to in section 1 of Schedule 3 of the Facility
Agreement in relation to the Bank Guarantee and Standby Letter of Credit Facility is
equal to the margin, as set out in 2 above, per annum.

	3.5	 	Trade Facility Fees and Margins

Effective on and from 12 May 2009 the Margin referred to in section 1 of Schedule 2 and the
import and export fees referred to in section 8 of Schedule 2 of the Facility Agreement in
relation to the Trade Facilities are as follows:

Import Tariff:

	 	 	 

	LC Opening/Negotiation:

	 	0.20% (min. USD65)
	 
	 	 
	CILE:

	 	0.05% (min. USD30)
	 
	 	 
	Bankers Acceptance (under Usance LC):

	 	0.05% per month (min. USD45)
	 
	 	 
	Amendments (% of face value):

	 	0.20% (min. USD45)
	 
	 	 
	Reimbursement (borne by Bene wherever possible):

	 	USD65 per negotiation
	 
	 	 
	Bill Collection:

	 	0.10% (min. USD65; max. USD125)
	 
	 	 
	CIL:

	 	LIBOR + 1.275%

[*] Confidential Treatment Requested

 

 

Export Tariff:

	 	 	 

	LC Advising:

	 	USD20
	 
	 	 
	LC Negotiation (Document Examination):

	 	0.10% (min. USD65, max. USD250)
	 
	 	 
	CILE:

	 	0.05% (min. USD30)
	 
	 	 
	Amendments:

	 	USD25
	 
	 	 
	Courier/SWIFT:

	 	At cost
	 
	 	 
	Bill Collection

	 	0.10% (min USD65; max USD125)
	 
	 	 
	Interest rate for gill discounting provided by HSBC (HK):

	 	LIBOR + 1.275%*
	 
	 	 
	Interest rate for Bill discounting provided by HSBC (Australia):

	 	Calculated on a case by case basis

 

			
	*	 	1.275% is charged as this is against a mixture of confirmed LC’s, discrepant documents
under LC’s, and bills pending negotiation.

Confirmation Charges:

For HSBC (Australia) the confirmation charges shall be advised on a case by case basis and
shall be assessed on an actual number of days elapsed basis.

For HSBC (HK) the Confirmation Charges shall be assessed on an actual number of days elapsed
basis, and according to the following matrix:

	 	 	 	 	 	 	 	 	 
	 	 	Moody’s A3	 	Moody’s A3-	 	Below	 	 
	Country	 	(or better)	 	Baa	 	Moody’s Baa	 	Others
	China

	 	0.40% p.a.
	 	0.65% p.a.
	 	Case-by-Case
	 	Case-by-Case
	Indonesia

	 	0.40% p.a.
	 	0.65% p.a.
	 	Case-by-Case
	 	Case-by-Case
	India

	 	0.40% p.a.
	 	0.65% p.a.
	 	Case-by-Case
	 	Case-by-Case
	Malaysia

	 	0.40% p.a.
	 	0.65% p.a.
	 	Case-by-Case
	 	Case-by-Case
	Thailand

	 	0.40% p.a.
	 	0.65% p.a.
	 	Case-by-Case
	 	Case-by-Case
	Taiwan

	 	Case-by-Case
	 	Case-by-Case
	 	Case-by-Case
	 	Case-by-Case

[*] Confidential Treatment Requested

 

 

	 	 	 	 	 	 	 	 	 
	 	 	Moody’s A3	 	Moody’s A3-	 	Below	 	 
	Country	 	(or better)	 	Baa	 	Moody’s Baa	 	Others

	Vietnam

	 	Case-by-Case
	 	Case-by-Case
	 	Case-by-Case
	 	Case-by-Case
	Nepal

	 	Case-by-Case
	 	Case-by-Case
	 	Case-by-Case
	 	Case-by-Case
	Bangladesh

	 	Case-by-Case
	 	Case-by-Case
	 	Case-by-Case
	 	Case-by-Case
	Others

	 	Case-by-Case
	 	Case-by-Case
	 	Case-by-Case
	 	Case-by-Case

Confirmation charges may change from time to time, subject to significant market
events/changes, and for this purpose shall be reviewed quarterly.

AUD Overdraft:

The AUD overdraft provided by HSBC (HK) is charged at 1% over HSBC (HK) applicable best
lending rate.

Other Fees:

All other fees are in line with the standard tariffs as applicable from each Financier.

	4.	 	Change in the Margin and/or Fees

The Margin or fees set out above will, if Sims returns a signed copy of this fee letter to
the Financiers, apply with effect from the date of this fee letter unless otherwise
specified above.

	5.	 	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.

	6.	 	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.

	7.	 	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.

[*] Confidential Treatment Requested

 

 

Yours faithfully

                                        

for and on behalf of HSBC Bank Australia Limited

Name: Greg Davey

Capacity: Relationship Manager

Date: 15 December 2007

                                        

for and on behalf of The Hongkong and Shanghai Banking Corporation Limited

Name:

Capacity:

Date:

                                        

for and on behalf of HSBC Bank PLC

Name:

Capacity:

Date:

[*] Confidential Treatment Requested

 

 

                                        

for and on behalf of HSBC Bank USA, National Association

Name:

Capacity:

Date:

[*] Confidential Treatment Requested

 

 

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.

	7.	 	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

                                        

for and on behalf of HSBC Bank Australia Limited

Name. Greg Davey

Capacity: Relationship Manager

Date: 30 October 2009

                                        

for and on behalf of The Hongkong and Shanghai Banking Corporation Limited

Name:

Capacity:

Date:

                                        

for and on behalf of HSBC Bank PLC

Name:

Capacity:

Date:

[*] Confidential Treatment Requested

 

 

                                        

for and on behalf of HSBC Bank USA, National Association

Name:

Capacity:

Date:

[*] Confidential Treatment Requested

 

 

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.

	7.	 	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

                                        

for and on behalf of HSBC Bank Australia Limited

Name. Greg Davey

Capacity: Relationship Manager

Date: 30 October 2009

                                        

for and on behalf of The Hongkong and Shanghai Banking Corporation Limited

Name:

Capacity:

Date:

                                        

for and on behalf of HSBC Bank PLC

Name:

Capacity:

Date:

[*] Confidential Treatment Requested

 

 

                                        

for and on behalf of HSBC Bank USA, National Association

Name:

Capacity:

Date:

[*] Confidential Treatment Requested

 

 

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.

	7.	 	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

                                        

for and on behalf of HSBC Bank Australia Limited

Name. Greg Davey

Capacity: Relationship Manager

Date: 30 October 2009

                                        

for and on behalf of The Hongkong and Shanghai Banking Corporation Limited

Name:

Capacity:

Date:

                                        

for and on behalf of HSBC Bank PLC

Name:

Capacity:

Date:

[*] Confidential Treatment Requested

 

 

                                        

for and on behalf of HSBC Bank USA, National Association

Name:

Capacity:

Date:

[*] Confidential Treatment Requested

 

 

	 	 	 

	To:

	 	HSBC Bank Australia Limited
	 
	 	 
	 

	 	HSBC Bank PLC
	 
	 	 
	 

	 	HSBC Bank USA, National Association
	 
	 	 
	 

	 	The Hongkong and Shanghai Banking Corporation Limited

We hereby confirm and agree to the terms of this fee letter as set out above.

                                                                                                                     

For and on behalf of Sims Metal Management Limited ACN 114 838 630

Name:

Capacity:

Date:

[*] Confidential Treatment Requestedexv4w18

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

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