Rio Tinto has taken another major step in its push to merge with Canadian
The FTSE 100 heavyweight said today that it had completed the
phase of its $40bn (£20bn) loan.
Rio Tinto now has two fixed-term loans and two revolving credit facilities in
Last week the group announced that it had the massive loan amount – the
largest in UK corporate history – initially underwritten by The Royal Bank of
Scotland, Barclays, Credit Suisse and Societe Generale.
CFO Guy Elliott said: ‘This extremely positive response underlines the
strength of Rio Tinto’s existing asset base, the attractiveness of the Alcan
transaction and the solid credit profile of the enlarged Rio Tinto Group. This
bodes well for our future refinancing plans in the debt capital markets.’
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