Tightening pricing tempts Glencore to takeout FSF

Swiss commodities trader Glencore will hold a bank meeting in London on Wednesday, April 7 as it seeks to raise over $7bn in the loan market.

  • 25 Mar 2010

The borrower, rated Baa2/BBB-, wants to refinance an $815m one year revolver maturing in May and to exploit shrinking margins by refinancing a $6.25bn one year forward start facility set to take effect in May 2011.

“The borrower wants to maximise its liquidity, and it’s able to take advantage ...

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