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Royal Dutch Shell obtains £10.07 billion bridge loan to fund BG deal
By Marisa Wong
Madison, Wis., May 1 – Royal Dutch Shell plc announced that it entered into a £10.07 billion bridge credit facility agreement on Friday with a group of relationship banks.
The bridge credit facility replaces the company’s £3,025,000,000 interim facility entered into on April 8, and the commitments under the interim facility been canceled in full, according to a 6-K filing with the Securities and Exchange Commission.
The company obtained the bridge financing in connection with its cash-and-share offer for the entire issued and to be issued share capital of BG Group plc.
The oil and gas company is based in the Hague.
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