ICBC contributes NZD 100 million to syndicated lending facility to Ryman Healthcare for working capital and unspecified corporate purposes in 2020 (linked to Record ID#100245)

Project narrative

In 2020, a syndicate of seven banks -- including Bank of China and ICBC -- signed an agreement to provide a NZD 1.8 billion syndicated lending facility to Ryman Healthcare, a New Zealand-based healthcare company. The facility has a one-year maturity and an unknown interest rate. Proceeds from the facility will be used for working capital and other unspecified corporate purposes. In total, seven banks contributed to the facility: ANZ Bank New Zealand (NZD 390 million), Commonwealth Bank of Australia (NZD 274.9 million), Bank of New Zealand/National Australia Bank (NZD 370.5 million), Westpac (NZD 291.4 million), MUFG (NZD 175 million), Bank of China (NZD 200 million), and ICBC (NZD 100 million). Bank of China's contribution is captured via Record ID#100245. ICBC's contribution is captured via Record ID#100246. This facility was refinanced in 2021, which is captured via Record ID #s #100247and #100248.