JBIC, Others Put Up $1B To Fund Inpex's Shell Project Buy-In

Law360, New York (February 5, 2013, 6:20 PM EST) -- Japan's development bank and three commercial lenders will provide a $1 billion loan to fund Inpex Corp.'s 17.5 percent farm-in to Royal Dutch Shell PLC's Prelude floating liquefied natural gas project, the lenders said Tuesday.

Japan Bank for International Cooperation will provide $600 million, and Mizuho Corporate Bank Ltd., Sumitomo Mitsui Banking Corp. and Bank of Tokyo-Mitsubishi UFJ Ltd. will kick in another $400 million, according to a release from the development bank. The exact split among the commercial banks was not disclosed.

Inpex, Japan's biggest...
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