UPDATE 1-BG gets $1.8 bln loan from U.S. Export-Import Bank
LONDON Dec 31 (Reuters) - Britain's BG Group said on Monday it had secured a $1.8 billion loan from the Export-Import Bank of the United States, as part of a wider push to diversify its funding options to support major projects.
BG, which announced Chris Finlayson as its new chief executive earlier this month, recently agreed a new syndicated facility, reached an agreement with the Japan Bank for International Cooperation and raised money via capital markets.
It said it now had undrawn committed bank borrowing facilities of $5.2 billion.
It has also reached an initial agreement with Brazilian Development Bank for up to $1.8 billion of new funding and signed a $500 million credit agreement with Export Development Canada.
The new loan from the United States will support the export of U.S. services and also help fund equipment for the Queensland Curtis LNG project in Australia which is on schedule for first gas in 2014.
- White House reverses, says Obama met uncle and lived with him during law school
- Flights delayed as air pollution hits record in Shanghai
- South Africa mourns Mandela, will bury him on December 15 |
- Analysis: Boeing bidders dangle goodies to win 777X jetliner
- RPT-UPDATE 1-Ford leans on global Mustang to burnish overseas image