Daily News: March 25, 2014

Bloomberg: BHP Billiton Hires Deutsche, Royal Bank to Refinance Debt

Bloomberg reported BHP Billiton is seeking a $6 billion credit line to refinance an existing facility, and hired Deutsche Bank and Royal Bank of Scotland Group to arrange the revolver, according to a statement.

According to Bloomberg , BHP is offering to pay an initial interest margin of 20 basis points, or 0.2 percentage points, more than benchmark rates on the loan, people familiar with the terms said.

To read the entire Bloomberg article, click here.