PHOENIX--( BUSINESS WIRE )-- Freeport-McMoRan Copper & Gold Inc. ( NYS: FCX ) announced today the completion of agreements with two bank syndicates providing committed financing for a $4 billion bank Term Loan and a new $3 billion Revolving Credit Facility in connection with FCX's proposed acquisitions of Plains Exploration & Production Company ( NYS: PXP ) and McMoRan Exploration Co. ( NYS: MMR ).