LONDON--Mining and commodities trading company Glencore Xstrata
PLC (GLEN.LN) Friday said it signed revolving credit facilities for
17.3 billion dollars, replacing the previous revolving credit
facilities of both Glencore and Xstrata.
MAIN FACTS:
-Facilities were initially launched at $12 billion and were
oversubscribed, raising $19 billion+
-80 banks committed, including 29 Mandated Lead Arrangers and
Bookrunners.
-Facilities comprise a $5.92 billion 12-month revolving credit
facility with a 12-month term-out option and a 12-month extension
option; a $7.07 billion 3-year revolving credit facility with two
12-month extension options; a $4.35 billion million 5-year
revolving credit facility.
-Active bookrunners were Abbey National Treasury Services PLC
(trading as Santander Global Banking and Markets), Barclays,
Commerzbank Aktiengesellschaft, Société Générale CIB and RB
-Shares closed Thursday at 304 pence valuing the company at
GBP40.3 billion.
-Write to Ed Ballard at ed.ballard@dowjones.com
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