Anglo-Swiss mining titan Xstrata plc (Xstrata) has successfully closed a $4 billion multi-currency revolving credit facility.
According to a company statement, the facility is equally split into a three and a five-year tranche and will be used to replace Xstrata's existing facility of approximately $5.46 billion, due to mature in October 201, as well as for general corporate purposes.
The facility, which launched at $3 billion, was significantly oversubscribed and subsequently increased to $4 billion, the company said, adding that RBS acted as sole coordinator and facility agent.