Daily News: November 15, 2013

Bloomberg: Barclays Arranges $6B Credit Line for Shell

Bloomberg reported that Royal Dutch Shell is seeking a $6 billion credit line to replace an existing loan, and Barclays is helping to arrange the financing for the company based in The Hague.

Bloomberg also said that Shell is offering to pay an interest margin of 12.5 basis points, or 0.125 percentage point, more than the benchmark rates on the five-year loan, according to three people with knowledge of the matter, who asked not to be identified because the terms are private.

To read the entire Bloomberg article, click here.