Shell signs $15.3 billion bridge loan
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(Reuters) – Royal Dutch Shell (RDSa.L) has agreed a 10.07 billion pound ($15.28 billion) bridge loan from a group of relationship banks backing its 47 billion pound takeover of smaller rival BG Group (BG.L), the company announced on Friday.
The two-year loan replaces a 3.025 billion pound interim bridge loan that was provided in early April by Bank of America Merrill Lynch.
The bridge loan will be used, along with existing cash, to cover the 13.2 billion pound cash portion of the cash and share deal.
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