Glencore out with $1.5bn
Commodities trading firm Glencore has mandated Bank of America Merrill Lynch and Royal Bank of Canada to lead a $1.5bn syndicated facility to back its C$6.1bn ($6.089bn) takeover of Canada’s Viterra, announced earlier this year.
The one year plus six months loan has been launched to a number of the borrowers existing lenders in the European market.
Earlier this year, the Swiss mining firm completed a $3.1bn loan backing its proposed merger with Xstrata, after the deal attracted commitments of $11bn from 31
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