Glencore's revolver and results paint brighter picture for trader

In:

Metals and Mining

Region:

Middle East & Africa, Americas, Asia-Pacific, Europe

Helen Reid

Reporter

Glencore plans to ramp up debt reduction, cutting net debt to $17 billion-$18 billion by the end of this year, as it announced big losses in its annual results. The news comes soon after the trader secured early refinancing of its annual $8.5 billion revolving credit facility for its trading operation.

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