Glencore Xstrata raises $19bn post merger

[miningmx.com] – GLENCORE Xstrata raised more than $19bn in order to replace credit lines following the takeover of Xstrata, Bloomberg News reported citing two people with knowledge of the matter.

More than 80 lenders committed funds to the deal, including 29 providing $500m each, said the people, who asked not to be identified because the terms are private. The loan may be finalized this month.

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