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BW Group confirms $3B loan

BW Group Ltd. has executed a five-year, US$3 billion facility agreement with a consortium of 11 banks.

The banks, acting as mandated lead arrangers, committed a total sum of US$5 billion against the BW Group's requirement of $3 billion.

The BW Group will use the facility to refinance debt incurred by BW Gas ASA and BW Offshore Ltd.
 

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