Skip to content

Number 15/01

BHP Billiton today announced the successful completion of a US$2.5 billion syndicated multicurrency revolving facility.

The facility is BHP Billiton's first financing transaction post merger and represents its cornerstone credit facility. It will replace the US$1.2 billion credit facility previously implemented by BHP Limited and the US$1.5 billion and US$1.25 billion credit facilities previously implemented by Billiton Plc.

BHP Billiton Chief Financial Officer Chris Lynch said the new facility would be available in various currencies and jurisdictions, reflecting BHP Billiton's global diversity.

"The consolidation of the three facilities into one is consistent with BHP Billiton's stated capital management policies. In addition, the terms and conditions of the facility represent the enhanced risk profile and creditworthiness of the merged Group," he said.

Invitations were targeted at an international group of banks, all of which were identified as having the willingness and capability to support and assist BHP Billiton's ongoing financial requirements.

The facility is divided between a US$1.25 billion 364-day revolving credit component and a US$1.25 billion five-year revolving credit component.

The syndicate of financiers comprises: Bank of America Bank of Tokyo-Mitsubishi Ltd, Barclays Bank PLC, Citibank NA, CSFB, Deutsche, HSBC, JP Morgan, Mizuho, National Australia Bank, Royal Bank of Canada, UBS, ABN-Amro Bank NV, ANZ Banking Group, BNP-Paribas, The Royal Bank of Scotland PLC and Sumitomo Mitsui Banking Corporation.


Contact

Australia
Andrew Nairn
Investor Relations
Tel: +61 3 9609 3952
Mobile: +61 408 313 259
e-mail: Andrew Nairn

Mandy Frostick
Media Relations
Tel: +61 3 9609 4157
Mobile: +61 419 546 245
e-mail: Mandy Frostick


United Kingdom
Marc Gonsalves
Investor Relations & Communications
Tel: +44 20 7747 3956
Fax: +44 20 7747 3914
Mobile: +44 7768 264 950
e-mail: Marc Gonsalves

Ariane Gentil
Manager Communications
Tel: +44 20 7747 3977
Mobile: +44 7881 518 715
e-mail: Ariane Gentil


South Africa
Michael Campbell
Investor & Media Relations
Tel: +27 11 376 3360
Mobile: +27 82 458 2587
e-mail: Mike Campbell


United States
Francis McAllister
Investor Relations
Tel: +1 713 961 8625
Mobile: +1 713 480 3699
e-mail: Francis McAllister

Subscribe to news alerts

No keyword(s) entered

Please ensure you enter a keyword and try searching again

Invalid email

Sorry, we are unable to subscribe you. Please ensure you have entered a valid email address and try again.

Subscription received

Thank you for subscribing to BHP Billiton news alerts. Please check your email for confirmation of your subscription.

Subscription confirmed

You have already signed up to our newsletter.

Loading the player...