Johnson Matthey announced a refinancing deal.

The British company, whose bank collapsed last September, said that, under the $386-million deal, a syndicate of 34 banks will put up credit facilities, cash and precious metals. The bank’s collapse with losses of $343 million thrust the Bank of England, which rescued it without telling the government, into a public row with ministers and sparked fears for London’s standing as a financial center. The government last month ordered a fraud inquiry into the affair.