GLENCORE PLC - GLN: Refinancing and Extension Of Revolving Credit Facility.

GLN: Refinancing and Extension Of Revolving Credit Facility.

Glencore plc
(Incorporated in Jersey under the Companies (Jersey) Law 1991)
(Registration number 107710)
JSE Share Code: GLN
LSE Share Code: GLEN
HKSE Share Code: 805HK
ISIN: JE00B4T3BW64

Baar, Switzerland
29 March 2019
                 Glencore announces refinancing and extension of its Revolving Credit Facilities

Glencore plc ("Glencore") is pleased to announce the refinancing and extension
of its revolving credit facilities (the "Facilities") effective 24th May 2019.
The short-term Facilities were initially launched at USD 8 billion and closed
substantially oversubscribed, raising USD 10.55 billion, reflecting strong
support from Glencore's broad group of relationship banks.
       Glencore scaled back subscription levels and ultimately increased the
       size of the Facilities to USD 9.775 billion, up from the USD 9.085 billion
       signed in 2018.
       A total of 53 banks committed to the Facilities, including 31 Mandated
       Lead Arrangers and Bookrunners.

The longer-term USD 4.65 billion revolving credit facility (voluntarily reduced
from USD $5.115 billion) was amended and extended to 2024 (5 years), including
reinstating the two one-year extension options.
The new and extended facilities are for general corporate purposes, comprising:
       a USD 9.775 billion 12-month revolving credit facility with a 12-month
       term-out option at the borrowers discretion, and a 12-month extension
       option
       a USD 4.65 billion 5-year revolving credit facility with two 12-month
       extension options


For further information please contact:

Investors
Martin Fewings               t: +41 41 709    m: +41 79 737    martin.fewings@glencore.com
Ash Lazenby                  2880
                             t: +41 41 709    5642
                                              m: +41 79 543    ash.lazenby@glencore.com
Media                        2714             3804
Charles Watenphul            t: +41 41 709 24 m: +41 79 904 33 charles.watenphul@glencore.com
                             62               20
www.glencore.com

Glencore LEI: 2138002658CPO9NBH955

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Notes for Editors
Glencore is one of the world’s largest global diversified natural resource companies
and a major producer and marketer of more than 90 commodities. The Group's operations
comprise around 150 mining and metallurgical sites, oil production assets and
agricultural facilities.

With a strong footprint in both established and emerging regions for natural resources,
Glencore's industrial and marketing activities are supported by a global network of more
than 90 offices located in over 50 countries.

Glencore's customers are industrial consumers, such as those in the automotive, steel,
power generation, oil and food processing sectors. We also provide financing, logistics
and other services to producers and consumers of commodities. Glencore's companies
employ around 158,000 people, including contractors.

Glencore is proud to be a member of the Voluntary Principles on Security and Human
Rights and the International Council on Mining and Metals. We are an active participant
in the Extractive Industries Transparency Initiative.

www.facebook.com/Glencore
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www.linkedin.com/company/8518
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Disclaimer
The companies in which Glencore plc directly and indirectly has an interest are separate and
distinct legal entities. In this document, “Glencore”, “Glencore group” and “Group” are used for
convenience only where references are made to Glencore plc and its subsidiaries in general. These
collective expressions are used for ease of reference only and do not imply any other
relationship between the companies. Likewise, the words “we”, “us” and “our” are also used to
refer collectively to members of the Group or to those who work for them. These expressions are
also used where no useful purpose is served by identifying the particular company or companies.




Sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking Division)

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