Glencore’s increasing its Short-term Revolving Credit Facilities

Clifford Chance has advised the Active Bookrunners in the syndication of Glencore’s refinancing of its Short-term Revolving Credit Facilities.

This refinancing has increased the size of the facilities from US$7.335 billion to US$9.085 billion, with final maturity to occur in May 2020.

BNP Paribas, HSBC Bank plc, The Bank of Tokyo-Mitsubishi UFJ, Ltd., a member of the Mitsubishi UFJ Financial Group and Santander UK plc acted as Active Bookrunners.

Clifford Chance has advised on the deal with a team led by Australia Managing Partner Richard Gordon (picture), supported by counsel Mark Gillgren and associate Steven Meacher in Perth. London-based partner Russell Wells led the team in the UK backed by lawyers James Harrison, Samiha Bham and Suzanne Dand.

 

Involved fees earner: Richard Gordon – Clifford Chance; Mark Gillgren – Clifford Chance; Steven Meacher – Clifford Chance; Russell Wells – Clifford Chance; James Harrison – Clifford Chance; Samiha Bham – Clifford Chance; Suzanne Dand – Clifford Chance;

Law Firms: Clifford Chance;

Clients: BNP Paribas; Hsbc Bank plc; MUFG Bank, Ltd.; Mitsubishi UFJ Financial Group; Santander UK plc;

 

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Author: Michael Patrini