Swiss trader and shipowner Glencore has arranged a huge new financing package worth nearly $10bn.
The mammoth 12-month deal refinances and extends nearly $9.09bn of revolving credit facilities from 24 May this year.
It was initially looking to raise $8bn, but the fundraising was "substantially oversubscribed" at nearly $10.6bn, it said, reflecting strong support from its broad group of relationship banks, Glencore said.
