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Glencore Xstrata signs Europe’s biggest refi with $17.3bn deal

Glencore Xstrata signed a $17.3bn loan on Thursday, the largest corporate pure refinancing seen in the European market in more than five years. The new facility, which was increased from a planned $12.8bn after commitments reached around $19.5bn, has been agreed with a syndicate of about 80 banks.

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