Jonathan French, a London-based spokesman for Shell, confirmed the company’s existing credit line expires in 2015. He declined to comment on the new debt facility.
November 14, 2013
Royal Dutch Shell Plc (RDSA) is seeking a $6 billion credit line to replace an existing loan as banks cut borrowing costs for Europe’s largest companies to the lowest in more than five years.
Europe’s largest oil and gas producer 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. Barclays Plc is helping to arrange the financing for the company based in The Hague.
Shell joins Rio Tinto Group and Daimler AG refinancing debt early as Europe’s most creditworthy companies take advantage of cheap rates offered by banks competing to lend. The region’s investment-grade borrowers paid an average 61 basis-point margin on their credit lines this year, the lowest since 2007 and compares with an average 112 basis points in 2012, data compiled by Bloomberg show.
Jonathan French, a London-based spokesman for Shell, confirmed the company’s existing credit line expires in 2015. He declined to comment on the new debt facility.
Europe’s investment-grade companies have agreed to more than $136 billion of credit lines this year, up from $112 billion last year, the data show. Rio Tinto, the world’s second-largest mining company, is marketing $7 billion of credit lines, and luxury-carmaker Daimler obtained a 9 billion-euro ($12 billion) loan in September.
Shell’s revolving credit facility, a type of debt where money repaid can be borrowed again, will replace its $5.1 billion loan raised in 2010 and includes two one-year extension options, said the people. Moody’s Investors Service rates the company Aa1, the second-highest ranking. Standard & Poor’s and Fitch Ratings grade it one level lower at AA.
To contact the reporter on this story: Stephen Morris in London at [email protected]
To contact the editor responsible for this story: Shelley Smith at [email protected]
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
