Perspective
02 March 2016
Glencore's revolver and results paint brighter picture for trader
In:
Metals and Mining
Region:
Middle East & Africa, Americas, Asia-Pacific, Europe
Glencore plans to ramp up debt reduction, cutting net debt to $17 billion-$18 billion by the end of this year, as it announced big losses in its annual results. The news comes soon after the trader secured early refinancing of its annual $8.5 billion revolving credit facility for its trading operation.
