Deals
Glencore’s $31 Billion Debt Weighs on Trader Amid Commodity Rout
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Glencore Plc, the world’s largest listed commodity supplier, may take further steps to alleviate the strain of a $31 billion debt pile and protect its credit rating amid a rout in prices.
After trimming this year’s spending plan as much as $800 million and selling $290 million of mines, the company may announce additional measures to shore up its balance sheet alongside earnings on Aug. 19, according to Citigroup Inc. and Barclays Plc.