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IS - Shell’s new $10B loan package introduces SOFR to world stage - December 2019



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Royal Dutch Shell signed a new $10 billion unsecured revolving credit facility with a 25-bank syndicate, with the package consisting of a $8 billion, five-year revolver and a $2 billion, one-year revolver. Each facility includes two one-year extension options.Bank of America and Barclays are joint coordinators of the package, which replaced an $8.84 billion facility. The loans are the first governed by English law in the European loan market to incorporate the Secured Overnight......
 
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