Skip to content
Subscriber Only

Glencore Faces Yet Another Debt Challenge With Credit Due by May

Add another looming problem to the list for Glencore Plc, the commodity group that’s lost almost $45 billion in market value this year.

A quarter of the beleaguered firm’s bonds and credit lines are due for refinancing by next May, compared with 9 percent for its peers, according to data compiled by Bloomberg. Glencore may have options for delaying the deadline for part of that $13.8 billion in lifeblood financing, but given that some of its debt is already trading like junk as the stock plummets, any bond refinancings will probably be pricey.