Date: Mar 30, 2018
Global diversified natural resource company Glencore has signed $9.09-billion of loans to refinance its existing short-term revolving credit facilities, the company said on Thursday.
The facilities replace Glencore’s existing $7.34-billion one-year revolving credit facility agreed in May 2017.
The financing launched at $6bn and closed oversubscribed, raising $9.7-billion from the market after receiving strong support from the company’s broad group of existing banks.
Due to a stronger commodity price environment, Glencore decided to increase the size of the facilities.
