Glencore pulls in 91 lenders for refi, increases to $12.8bn

Glencore, the Switzerland-based commodities trading firm, signed $12.8bn of new syndicated loans on Wednesday to replace its existing revolving credit lines.

  • 27 Apr 2012

The size was increased from a planned $10bn after the transaction was heavily oversubscribed and 91 banks flooded into the deal.

Recently, Glencore attracted commitments of $11bn from 31 banks for its $3.1bn loan backing its proposed merger with Xstrata, and its refinancing exercise seem to have been equally ...

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