Glencore Announces Tender Offer Early Participation Results
15 December 2016
Glencore Funding LLC (the “Company”) has accepted U.S.$1,136,960,000 of principal amount of Notes for purchase as of its Early Tender Date. The Offers commenced on December 1, 2016 and will expire on December 29, 2016 at 11:59pm, New York City time. The Lead Dealer Managers will calculate the Fixed Rate Total Offer Consideration and the Fixed Rate Base Offer Consideration for the Fixed Rate Notes on December 15, 2016 at 11:00am, New York time in the manner described in the offer to purchase dated December 1, 2016 (the “Offer to Purchase”). In addition, the Company has increased the previously announced “Maximum Tender Amount”, pertaining to the aggregate principal amount of the Notes accepted for purchase, from U.S.$1,000,000,000 to U.S.$1,136,960,000.