Glencore Said to Seek $750 Million of Revolving Credit Line
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Glencore International AG, the world’s biggest commodities trader, is seeking $750 million of loans for stand-by credit and guarantees, a person familiar with the situation said.
ING Groep NV is arranging the one-year revolving credit for Baar, Switzerland-based Glencore, said the person, who declined to be identified because the deal is private. Marc Ocskay, a spokesman for Glencore, declined to comment.