GLENCORE PLC - GLN - Glencore announces early refinancing of its Revolving Credit Facility

GLN - Glencore announces early refinancing of its 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
17 February, 2016

Glencore announces early refinancing of its Revolving Credit Facility

Glencore announces that it has signed a new Revolving Credit Facility (“RCF”), which will ultimately
refinance and replace the existing $8.45 billion facility. In this initial pre-syndication phase, Glencore
received commitments from its senior banks for $8.4 billion, representing an increase from 37 banks of
close to $3 billion above existing commitment levels. Reflecting the high oversubscription level, Glencore
has currently scaled back and signed in $7.7 billion of such commitments and will now broaden the
refinancing via launch of general syndication to some 30 additional banks in Q2 2016.
Similar to the current facility being replaced in May, this new facility remains unsecured, containing a 12-
month extension option and 12-month borrower’s term-out option, thereby extending the final maturity to
May 2018. There are no financial covenants in the RCF documentation.

Active bookrunners on the deal were ABN AMRO, Bank of Tokyo Mitsubishi, HSBC, ING and Santander.

For further information please contact:

Investors
Martin Fewings        t: +41 41 709 28 80      m: +41 79 737 56 42     martin.fewings@glencore.com
Elisa Morniroli       t: +41 41 709 28 18      m: +41 79 833 05 08     elisa.morniroli@glencore.com

Media
Charles Watenphul     t: +41 41 709 24 62      m: +41 79 904 33 20     charles.watenphul@glencore.com
Pam Bell              t: +44 20 7412 3471      m: +44 77 3031 9806     pam.bell@glencore.co.uk

www.glencore.com
www.youtube.com/glencorevideos

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 of over 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. We also provide financing, logistics and other services to producers and
consumers of commodities. Glencore's companies employ around 160,000 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.

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

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