Glencore signs Revolving Credit Facilities

RNS Number : 0351H
Glencore Xstrata PLC
14 June 2013
 



Baar, Switzerland                                                                                       14 June, 2013

 

Glencore signs USD 17,340 million Revolving Credit Facilities

Glencore Xstrata plc ("Glencore") is pleased to announce the signing of revolving credit facilities (the "Facilities") for a total amount of USD 17,340 million. The Facilities are for general corporate purposes and replace the previous revolving credit facilities of both Glencore and Xstrata plc.

The Facilities were initially launched at USD 12 billion and closed substantially oversubscribed, raising in excess of USD 19 billion, due to strong support from Glencore's broad and deep group of relationship banks. A total of 80 banks have committed to the Facilities, including 29 Mandated Lead Arrangers and Bookrunners.

The Facilities comprise:

 • a USD 5,920 million 12-month revolving credit facility with a 12-month term-out option and a 12-month extension option. The facility has two tranches of USD 3,515 million and USD 2,405 million.

 • a USD 7,070 million 3-year revolving credit facility with two 12-month extension options.

 • a USD 4,350 million 5-year revolving credit facility.

Abbey National Treasury Services plc (trading as Santander Global Banking and Markets), Barclays Bank PLC, Commerzbank Aktiengesellschaft, Société Générale CIB and The Royal Bank of Scotland plc were the Active Bookrunners in the syndication of the facilities.

Steven Kalmin, CFO, commented:

"The strong result of syndication and the competitive terms achieved under this transaction demonstrate the widespread support across the banking sector for the newly merged company."

For further information, please contact:

John Burton (Company Secretary)

t: +41 (0)41 709 2619

m: +41 (0)79 944 5435

john.burton@glencore.com

Charles Watenphul (Media)

t: +41 (0) 41 709 2462

m: +41 (0) 79 904 33 20 charles.watenphul@glencore.com

 

Paul Smith (Investors)

t:+41 (0)41 709 2487

m: +41 (0)79 947 1348

paul.smith@glencore.com

 

Martin Fewings (Investors)

t: +41 (0)41 709 2880

m: +41 (0)79 737 5642

martin.fewings@glencore.com

 

Elisa Morniroli (Investors)

t: +41 (0) 41 709 2818

m: +41 (0) 79 833 05 08 elisa.morniroli@glencore.com   


Finsbury (Media)

Guy Lamming

Dorothy Burwell

t: +44 (0)20 7251 3801

 

 

About Glencore Xstrata plc

 

Glencore Xstrata is one of the world's leading integrated producers and marketers of commodities, headquartered in Baar, Switzerland, and listed on the London and Hong Kong Stock Exchanges. Glencore Xstrata has worldwide activities in the production, sourcing, processing, refining, transporting, storage, financing and supply of Metals and Minerals, Energy Products and Agricultural Products.


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCGGUGUQUPWPPW

Companies

Glencore (GLEN)
UK 100

Latest directors dealings