In connection with amendments to an indenture issued by Glencore Funding LLC, Delaware, the holders of the outstanding notes of total USD 950 million were invited to consent to certain amendments. The amendments suggested to align, amongst others, the reporting requirements under the indenture with Glencore International plc's public reporting requirements under the rules and regulations of the London Stock Exchange and the Stock Exchange of Hong Kong. Citigroup Global Markets Limited, London, and Deutsche Bank Securities Inc., New York, are acting as the solicitation agents in connection with the consent solicitation. Glencore was advised by Pestalozzi.

The Pestalozzi team comprised Peter Pestalozzi and Michael Lips (both on corporate and M&A).