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Glencore signs $12.3B revolving credit facilities

SWISS commodities trader Glencore International, the company which is currently nutting out a merger with Xstrata, has renewed its existing revolving credit facilities after securing $US12.8 billion ($A12.3 billion) in facilities.

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Glencore signs $12.3B revolving credit facilities

The facilities were initially launched at $10 billion but closed substantially oversubscribed due to strong demand from financial institutions globally. Glencore said 91 banks committed to the facilities...

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