BG of UK Secures USD 3 Billion Syndicated Credit Facility

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.

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LNG World News Staff, November 05, 2012