UPDATE 1-Kazakhmys trims German unit's loan facility

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LONDON, June 9 (Reuters) - Kazakh mining group Kazakhmys Plc (KAZ.L) reduced by a quarter the size of revolving loan facility for a German unit when it refinanced it, the London-listed firm said on Tuesday.

The company, whose main product is copper, cut the facility to 170 million euros ($236 million) from 230 million euros when it refinanced the three-year facility for subsidiary MKM, the group's downstream copper business in Germany.

"The group has been able to reduce the size of the facility, due to lower copper prices and more efficient management of inventory," a statement said.

The trade finance facility, used for working capital requirements, was arranged by Deutsche Bank and was oversubscribed in syndication, it added.

"We are extremely pleased with the outcome of the refinancing, given the challenging conditions in financial markets," Chief Financial Officer Matthew Hird. (Reporting by Eric Onstad and Julie Crust; Editing by Hans Peters)