BHP signs 19 new lenders into M&A facility

19 Sep 2010

BHP Billiton signed its $45bn acquisition loan on Friday, with 19 banks joining the six lenders that had already committed to the facility.

The deal, which backs the Anglo-Australian miner’s hostile bid for PotashCorp of Saskatchewan announced in August, was launched to a limited group of relationship banks last month, with lenders asked to commit $2.5bn each on a take and hold basis.

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