Glencore signs mega revolving credit facilities

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Europe

Jonathan Bell

Editor-in-chief

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Glencore Xstrata has signed revolving credit facilities (RCF) amounting to a total of $17.34 billion. The facilities are for general corporate purposes and replace the previous revolving credit facilities of both Glencore and Xstrata. This is the first approach to the bank market for the new combined Glencore Xstrata.