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Glencore PLC — Capital/Financing Update 2013
Jun 14, 2013
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Capital/Financing Update
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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 [email protected] |
Charles Watenphul (Media) t: +41 (0) 41 709 2462 m: +41 (0) 79 904 33 20 [email protected] |
Paul Smith (Investors) t:+41 (0)41 709 2487 m: +41 (0)79 947 1348 [email protected] |
| Martin Fewings (Investors) t: +41 (0)41 709 2880 m: +41 (0)79 737 5642 [email protected] |
Elisa Morniroli (Investors) t: +41 (0) 41 709 2818 m: +41 (0) 79 833 05 08 [email protected] |
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
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