GLENCORE PLC Glencore plc ("Glencore") is pleased to announce the signing of revolving credit facilities (the
"Facilities") for a total amount of USD 15.25 billion.
The Facilities were initially launched at USD 14 billion and closed substantially oversubscribed, raising USD 17 billion, due to strong support from Glencore's broad group of relationship banks. A total of 60 banks committed to the Facilities, including 34 Mandated Lead Arrangers and Bookrunners.
The Facilities refinance Glencore's USD 8.7 billion one-year revolving credit facilities signed in June 2014 and amend & extend the USD 6.6 billion 5-year revolving credit facility also signed in June 2014. The new and amended facilities are for general corporate purposes, comprising:
• a USD 8.45 billion 12-month revolving credit facility with a 12-month term-out option and a 12-month extension option
• a USD 6.8 billion 5-year revolving credit facility with two 12-month extension options
Banco Bilbao Vizcaya Argentaria, S.A., HSBC Bank plc, Lloyds Bank plc and Rabobank were the Active Bookrunners in the syndication of the facilities.
For further information please contact: Investor:
Paul Smith
t: +41 (0) 41 709 2487 m: +41 (0) 79 947 1348
e: paul.smith@glencore.com
Martin Fewings
t: +41 (0) 41 709 2880 m: +41 (0) 79 737 5642
e: martin.fewings@glencore.com
Elisa Morniroli
t: +41 (0) 41 709 2818 m: +41 (0) 79 833 0508
e: elisa.morniroli@glencore.com
Charles Watenphul
t: +41 (0) 41 709 2462 m: +41 (0) 79 904 3320
e: charles.watenphul@glencore.com
www.glencore.com
www.youtube.com/glencorevideos
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Glencore is one of the world's largest global diversified natural resource companies and a major producer and marketer of more than 90 commodities. The Group's operations comprise of over 150 mining and metallurgical sites, oil production assets and agricultural facilities.
With a strong footprint in both established and emerging regions for natural resources, Glencore's industrial and marketing activities are supported by a global network of more than 90 offices located in over 50 countries.
Glencore's customers are industrial consumers, such as those in the automotive, steel, power generation, oil and food processing. We also provide financing, logistics and other services to producers and consumers of commodities. Glencore's companies employ around 181,000 people, including contractors.
Glencore is proud to be a member of the Voluntary Principles on Security and Human Rights and the International Council on Mining and Metals. We are an active participant in the Extractive Industries Transparency Initiative.
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