Member access

4-Traders Homepage  >  Shares  >  Toronto Stock Exchange  >  Royal Bank of Canada    RY   CA7800871021

End-of-day quote. End-of-day quote Toronto Stock Exchange - 05/01
80.24 CAD   +0.16%
05/01 Shell signs 10 billion pound bridge loan
05/01 ROYAL BANK OF C : RBC Manufacturing PMI remained in negative territo..
04/30 Manitoba sees seventh straight deficit
News SummaryMost relevantAll newsSector news 
The feature you requested does not exist. However, we suggest the following feature:

Shell signs 10 billion pound bridge loan

05/01/2015 | 10:41am US/Eastern
Shell's company logo is pictured at a gas station in Zurich

Royal Dutch Shell has agreed a 10.07 billion pound bridge loan from a group of relationship banks backing its 47 billion pound takeover of smaller rival BG Group, the company announced on Friday.

The two-year loan replaces a 3.025 billion pound interim bridge loan that was provided in early April by Bank of America Merrill Lynch.

The bridge loan will be used, along with existing cash, to cover the 13.2 billion pound cash portion of the cash and share deal.

Mandated lead arrangers on the financing are Banco Santander, Bank of America Merrill Lynch, Bank of Tokyo-Mitsubishi UFJ, Barclays Bank, BNP Paribas, CIBC, Citigroup, Credit Agricole CIB, Credit Suisse, Deutsche Bank, HSBC Bank, JP Morgan, Lloyds Bank, Morgan Stanley, Royal Bank of Canada, Royal Bank of Scotland, Societe Generale, Standard Chartered and SMBC.

Each bank has committed 530 million pounds to the deal.

Barclays is facility agent on the transaction.

The financing pays an initial margin of 15bp over Libor, rising to 20bp after three months, to 25bp after six months, to 30bp after nine months, to 40bp after 12 months, to 50bp after 15 months, to 60bp after 18 months and to 70bp after 21 months.

There are also ticking fees of 20 percent of the applicable margin on undrawn, uncancelled amounts.

Shell is rated AA- by Standard & Poor’s, Aa1 Moody’s and AA by Fitch.

($1 = 0.6592 pounds)

(Editing by Christopher Mangham)

By Alasdair Reilly

React to this article
05/01 Shell signs 10 billion pound bridge loan
05/01 ROYAL BANK OF CANADA : RBC Manufacturing PMI remained in negative territory duri..
04/30 Manitoba sees seventh straight deficit
04/30DJCanadian Economy Stalls in February -- Update
04/30DJCanadian Economy Stalls in February
04/30DJCanada GDP Stalled in February, January Data Revised Downward
04/30 ROYAL BANK OF CANADA : Don’t bet the farm – Canadian farmers face un..
04/30 ROYAL BANK OF CANADA : RBC Investor & Treasury Services quarterly survey: Global..
04/30 ROYAL BANK OF CANADA : Don't Bet The Farm - Canadian Farmers Face Uncertain Futu..
04/29DJCanada Producer Prices Climb 0.3% in March
Duration : Period :
Royal Bank of Canada Technical Analysis Chart | RY | CA7800871021 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes