Trade finance news

Glencore signs mega revolving credit facility

Last Updated May 23, 2008

Glencore, one of the world's largest suppliers of a wide range of commodities and raw materials to industrial consumers, has signed revolving credit facilities with a total value of US$9.135bn via bookrunners Calyon, JPMorgan, Lloyds TSB and RBS.

The facility is for general corporate purposes and broken down into two tranches: the extension of an existing three-year US$8.221bn medium-term tranche for a further year, paying Libor +47.5 basis points and a new short-term facility of approximately US$900mn with a tenor of one year, which is believed to be priced at Libor +40bp.

Glencore International, based in Baar, Switzerland, is a leading privately-held, diversified natural resources company with worldwide activity in the smelting, refining, mining, processing, purchasing, selling and marketing of metals and minerals, energy products and agricultural products.

 



Share This

Share |

Reader Comments

Add your comment

 
Email Icon
Follow Us on Twitter
Follow GT Review on
Twitter for the latest updates

twitter.com/gtreview
United Arab Emirates
Dubai - February 14-15, 2012 
India
Mumbai - February 23, 2012 
South Africa
Cape Town - March 8-9, 2012 
Turkey
Istanbul - March 22-23, 2012 
Brazil
Sao Paulo - April 23-24, 2012 
Kenya
Nairobi - 22 May, 2012 
Lebanon
Beirut - 6 June, 2012 
United States
New York - 12 June, 2012 
The Netherlands
Amsterdam - 18-19 June, 2012 
Ghana
Accra - 26-27 June, 2012 

Banks are jostling for a stake in South Africa’s promising renewable energy sector. Will this be the next best thing for the project finance market, asks GTR deputy editor Shannon Manders?

GTR will host its annual Awards Dinner at The Brewery in London on May 2, 2012

GTR Awards Dinner

GTR's Middle East and North Africa Leaders in Trade 2011 online poll is now open.

GTR MENA LEADERS IN TRADE AWARDS 2011

The results of GTR's Best Deals 2011 have now been announced.
 

The 2011/12 Directory is out now. Click to order your copy.

GTR Directory 2011/12

Latest Conference Highlights


emeafinance, the complete information source for the finance industry in the EMEA region.

EMEA