LONDON, June 14 (Reuters) - Glencore Xstrata hassigned a new $17.3 billion revolving credit facility, to replacethe pre-merger credit of Glencore and Xstrata and provideworking capital.
The facilities were initially launched at $12 billion andwere substantially oversubscribed, the commodities mining andtrading firm said on Friday.
"The strong result of syndication and the competitive termsachieved under this transaction demonstrate the widespreadsupport across the banking sector for the newly merged company,"said the company's Chief Financial Officer Steven Kalmin.
The refinancing is one of the biggest loans in Europe thisyear.
Santander, Barclays, Commerzbank, Societe Generale and the Royal Bank ofScotland were the active bookrunners.
Barclays (BARC)
Glencore (GLEN)
