Deals
Shell Gets Bridge Loan From Bank of America for BG Group Deal
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Royal Dutch Shell Plc said it agreed a 3.025 billion pound ($4.53 billion) loan from its financial adviser Bank of America Corp. to help fund its purchase of BG Group Plc.
Shell entered into an 18-month bridge loan with Bank of America to help finance the cash portion of the deal, according to a statement on its website. The financing, which can be extended by six months, will pay an initial interest margin of