BG Secures $3 Billion Syndicated Committed Credit Facility
UK’s natural gas company BG Group today announces 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.
The Reading-based gas giant has a broad portfolio of exploration and production, liquefied natural gas (LNG) and transmission and distribution business interests in more than 20 countries.
November 5, 2012