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Shell cancels £10.07 billion bridge loan commitments to fund BG deal
By Susanna Moon
Chicago, Feb. 11 – Royal Dutch Shell plc canceled the commitments under its £10.07 billion bridge credit facility on Wednesday, according to a 6-K filing with the Securities and Exchange Commission.
The company obtained the bridge loans on May 1, 2015 for the recommended cash and share offer made by Shell for the shares of BG Group plc.
Shell said it canceled the bridge loan commitments because it can fully fund the cash amount due for the merger using cash resources.
The oil and gas company is based in the Hague, the Netherlands.
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