RIYADH, Aug 28 (Reuters) - Saudi Arabia's $925 billion

sovereign wealth fund, the Public Investment Fund (PIF), said on

Wednesday it had signed a revolving credit facility for $15

billion with a group of 23 financial institutions, replacing a

previous loan for the same amount agreed upon in 2021.

The facility will be available for three years and is

extendable for two more, a PIF statement said.

A revolving loan is one that can be drawn, repaid and drawn

again during the lending period.

The previous loan involved 17 banks, while the latest one

includes six further financial institutions.

The group includes institutions from Europe, the U.S., the

Middle East and Asia, according to the statement.

Sources previously told Reuters that the banks involved in

the 2021 loan were BNP Paribas, Bank of America ( BAC ), Citi, Credit

Agricole, Credit Suisse, Deutsche Bank, First Abu Dhabi Bank,

Goldman Sachs ( GS ), HSBC ( HSBC ), Intesa Sanpaolo, JPMorgan ( JPM ), Mizuho, Morgan

Stanley ( MS ), Natixis, SMBC, Societe Generale and Standard Chartered ( SCBFF ).

PIF declined to say which banks were taking part in the new

loan facility.