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11/05/2012 | Press release
distributed by noodls on 11/05/2012 05:53
5 November 2012
BG Group today announces a new 5-year $3 billion syndicated committed credit facility which replaces $2.3 billion of expiring bilateral committed credit lines. The execution of this new revolving credit facility was coordinated by Bank of America Merrill Lynch and HSBC Bank plc and it includes a diversified group of international banks.
The new facility is in addition to the $2.2 billion of 5-year bilateral committed credit lines secured in 2011, taking the total of BG Group's undrawn committed bank borrowing facilities to $5.2 billion.
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BG Group plc (LSE: BG.L) is a world leader in natural gas, with a strategy focused on connecting competitively priced resources to specific, high-value markets. Active in more than 20 countries on five continents, BG Group has a broad portfolio of exploration and production, liquefied natural gas (LNG) and transmission and distribution business interests. It combines a deep understanding of gas markets with a proven track record in finding and commercialising reserves.
For further information visit: www.bg-group.com
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There are matters set out within this announcement that are forward-looking statements. Such statements are only predictions, and actual events or results may differ materially. For a discussion of important factors which could cause actual results to differ from these forward-looking statements, refer to BG Group's Annual Report and Accounts for the year ended 31 December 2011. BG Group does not undertake any obligation to update publicly, or revise, forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.