Calyon acted as one of the three active bookrunners and the only bank among the three based in continental Europe for the revolving credit facility (“RCF”) refinancing signed on May 14th, 2009. Initially launched at USD 5.5 billion, the transaction reached a total amount of USD 7.465 million. This transaction was split in a 364-day tranche of USD 815 million and USD 6.650 million forward start facility.

This RCF included 14 mandated lead arrangers and bookrunners and a total of 49 banks. This transaction is one of the largest forward start facilities thus far in the market and the first one put in place for a Swiss-based borrower.

This transaction confirms Calyon's technical expertise and leadership in forward start facilities as well as enhances the increasingly strong relationship with Glencore.

Swiss-based Glencore is a leading privately held diversified natural resources company. The activities are worldwide established in the smelting, refining, mining, processing, purchasing, selling and marketing of metals and minerals, energy products and agricultural products.