BG Group announced a new 5-year $3 billion syndicated committed credit facility which replaces $2.3 billion of expiring bilateral committed credit lines.
The execution of this new revolving credit facility was coordinated by Bank of America Merrill Lynch and HSBC Bank plc and it includes a diversified group of international banks.
The new facility is in addition to the $2.2 billion of 5-year bilateral committed credit lines secured in 2011, taking the total of BG Group’s undrawn committed bank borrowing facilities to $5.2 billion.
[mappress] LNG World News Staff, November 05, 2012