By: MICHEAL KAUFMAN: Published: May 2, 2015 at 10:22 am EST
Royal Dutch Shell plc (ADR) (NYSE:RDS.A) has entered an agreement for a bridge loan of $15.2 billion (10.07 billion GBP), the company said on Friday.
The new credit facility will replace a $4.6 billion (3.025 billion GBP) interim loan, which was obtained last month from Bank of America Merrill Lynch.
A total of 19 banks have committed $802 million (530 million GBP) each towards the new credit facility, including Banco Santander, Bank of America Merrill Lynch, Bank of Tokyo, Barclays Bank, BNP Paribas, Citigroup, Societe Generale, HSBC Bank, JPMorgan, and Standard Chartered.