Trader and charterer Glencore has refinanced its short-term debt with a huge new $9.085bn loan facility.
It was initially seeking $6bn from lenders, but the deal closed substantially oversubscribed, raising $9.7bn.
The company said this reflected strong support from Glencore’s banks.
"Due to the stronger commodity price environment, Glencore has increased the size of the facilities to $9.085bn,"
