The Bank of Nova Scotia is serving as administrative agent for an amendment to a first lien secured revolving credit facility for Trevali Mining, which also entered into an up to $20 million second lien secured facility agreement with Glencore Canada.
Reuters reported natural resources company Glencore has launched a senior syndication of a refinancing of a $8.45 billion revolver. Active bookrunners on the deal are ABN AMRO, HSBC, ING, Bank of Tokyo Mitsubishi UFJ and Santander
Bloomberg reported global financial firms’ estimated $139 billion or more exposure to Glencore may draw more scrutiny as regulatory stress tests approach after the commodity giant’s stock plunge this year.
Switzerland-based Glencore Xstrata announced the signing of revolving credit facilities for a total amount of $17,340 million. Barclays Bank and RBS served as active bookrunners.