Shell cancels bridge credit facility

Royal Dutch Shell plc (NYSE: RDS.A) (NYSE:RDS.B) has canceled its commitments under a bridge credit facility in full, effective Feb. 10, as the company is in a position to fund the full amount of the cash consideration due on completion of its combination with BG Group plc from Shell’s cash resources.

On May 1, 2015, Shell entered into the £10,070,000,000 bridge credit facility agreement with a group of relationship banks in connection with the recommended cash and share offer made by Shell for the entire issued, and to be issued, share capital of BG Group.

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