Skip to content

BHP`sAnn:SuccessfullyCompl.US$2.5BnMulticurrencyRevolvingFac

Document date:  Fri 21 Sep 2001
Published:  Fri 21 Sep 2001 11:20:58
Document No:  181439
Document part:  A
Market Flag:  N
Classification:  Issued Capital - Other

BHP BILLITON LIMITED                          2001-09-21  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

+++++++++++++++++++++++++
NEWS RELEASE

BHP Billiton today announced the successful completion of a US$2.5
billion syndicated multicurrency revolving facility.

The facility is BHP Billiton's first financing transaction post
merger and represents its cornerstone credit facility. It will
replace the US$1.2 billion credit facility previously implemented by
BHP Limited and the US$1.5 billion and US$1.25 billion credit
facilities previously implemented by Billiton Plc.

BHP Billiton Chief Financial Officer Chris Lynch said the new
facility would be available in various currencies and jurisdictions,
reflecting BHP Billiton's global diversity.

"The consolidation of the three facilities into one is consistent
with BHP Billiton's stated capital management policies. In addition,
the terms and conditions of the facility represent the enhanced risk
profile and creditworthiness of the merged Group," he said.

Invitations were targeted at an international group of banks, all of
which were identified as having the willingness and capability to
support and assist BHP Billiton's ongoing financial requirements.

The facility is divided between a US$1.25 billion 364-day revolving
credit component and a US$1.25 billion five-year revolving credit
component.

The syndicate of financiers comprises: Bank of America, Bank of
Tokyo-Mitsubishi Ltd, Barclays Bank PLC, Citibank NA, CSFB, Deutsche,
HSBC, JP Morgan, Mizuho, National Australia Bank, Royal Bank of
Canada, UBS, ABN-Amro Bank NV, ANZ Banking Group, BNP-Paribas, The
Royal Bank of Scotland PLC, and Sumitomo Mitsui Banking Corporation.


Further news and information can be found on our Internet 
site: www.bhpbilliton.com

AUSTRALIA                                        
Andrew Nairn, INVESTOR RELATIONS                 
Tel: + 61 3 9609 3952 Mobile: +61 408 313 259     
email: Andrew.W.Nairn@bhpbilliton.com           
                                                                  

Mandy Frostick, MEDIA RELATIONS                
Tel: +61 3 9609 4157 Mobile: +61 419 546 245   
email: Mandy.J.Frostick@bhpbilliton.com         

SOUTH AFRICA                                   
Michael Campbell, INVESTOR & MEDIA RELATIONS   
Tel: +27 11 376 3360 Mobile: +27 82 458 2587   
email:  Michael.J.Campbell@bhpbilliton.com    

UNITED KINGDOM
Marc Gonsalves, INVESTOR RELATIONS & COMMUNICATIONS
Tel: +44 20 7747 3956 Mobile: +44 7768 264 950
email: Marc.Gonsalves@bhpbilliton.com

Ariane Gentil, MANAGER COMMUNICATIONS
Tel: +44 20 7747 3977 Mobile: +44 7881 518 715
email: Ariane.Gentil@bhpbilliton.com

UNITED STATES
Francis McAllister, INVESTOR RELATIONS
Tel: +1 713 961 8625 Mobile: +1 713 480 3699
email: Francis.R.McAllister@bhpbilliton.com