BG Group annouces five-year $3bn revolving credit facility

BG Group has announced a five-year $3bn (£1.87bn) syndicated committed credit facility that replaces $2.3bn of expiring committed credit lines.

The execution of this revolving credit facility was co-ordinated by Band of America Merrill Lynch and HSBC Bank and includes a diversified group of international banks.

The new credit facility is in addition to the $2.2bn of five-year bilateral committed credit lines secured in 2011, taking the total of BG Group’s undrawn committed bank borrowing facilities to $5.2bn.