Reuters reported, according to bank sources, that natural resource company Glencore has launched a senior syndication of a refinancing of a $8.45 billion, one-year revolving credit facility that it signed in May 2015.

According to Reuters, active bookrunners on the deal are ABN AMRO, HSBC, ING, Bank of Tokyo-Mitsubishi UFJ and Santander, all of which have credit approval for the deal.

Reuters said the facility supports the company’s trading activities.