Glencore Extends, Reduces Revolving Credit Facilities

Glencore PLC said Wednesday that it has extended its short-term and long-term revolving credit facilities to May 2022 and May 2026, respectively

The mining and trading giant said the extended facilities are for general corporate purposes and have been reduced to $12.70 billion in order to maintain a lower level of net debt.

Shares at 1410 GMT were up 1.85 pence, or 0.7%, at 287.90 pence.