Deutsche Bank and Royal Bank of Scotland coordinated the multi-currency revolving credit facility with unanimous support from a group of existing and new relationship banks invited during syndication, with no oversubscriptions accepted.

The facility, which has a five-year maturity with two one-year extension options, replaced BHP’s $5 billion and $1 billion facilities.

The banks said BHP would be using the facility for general corporate purposes and as a backup for commercial paper programs.

Shares in BHP last traded 1.2% higher at $A37.62.