Shell seeks $7 bln credit facility ahead of BG deal -sources
LONDON | BY RON BOUSSO: Bonds | Thu Dec 3, 2015
Dec 3 Royal Dutch Shell is seeking to secure a $7 billion credit facility in north America as back-up for its $70 billion acquisition of BG Group, sources said on Thursday.
U.S. bank JP Morgan Chase is arranging the facility, which will involve up to 20 banks and institutional investors, according to sources close to the matter.
The facility will be used as a “back-up” for funds already raised to finance the deal, according to one source.
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