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Overview

Bank of China contributes to EUR 230 million multi-tranche syndicated credit facility to Chargeurs for general corporate purposes

Commitments (Constant USD, 2023)$27,308,195
Commitment Year•2018Country of Activity•FranceDirect Recipient Country of Incorporation•FranceSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Dec 19, 2018
Last repayment (originally scheduled)
Jun 17, 2024

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Commercial Banks

  • Bank of China (BOC)

Cofinancing agencies

Private Sector

  • Banque Palatine
  • BNP Paribas S.A.
  • BRED Banque Populaire
  • Caisse d'Epargne Ile de France (CE-IdF)
  • Commerzbank Aktiengesellschaft (Commerzbank AG)
  • Crédit Industriel et Commercial (CIC)
  • HSBC (Hong Kong and Shanghai Banking Corporation)
  • Natixis

State-owned Banks

  • Landesbank Saar (SaarLB)

Receiving agencies

Private Sector

  • Compagnie Chargeurs Invest (Chargeurs)

Loan description

2018 syndicated €230 million EUR multi-tranche credit facility from BoC and others to Chargeurs for general corporate purposes

Interest type•UnknownMaturity•5.5 years

Narrative

Full Description

Project narrative

On December 19, 2018, a syndicate of ten banks -- including Bank of China -- signed a EUR 230 million syndicated credit facility with Chargeurs, a French manufacturing and services group. The facility is comprised of two tranches: a EUR 100 million revolving credit facility with a five-year maturity and a one-year option, and a EUR 130 million term loan with a six-year maturity. Other lending details are unknown. Proceeds from the facility will be used to provide financial flexibility and long-term growth. A total of ten banks contributed to the facility: Natixis, CE IdF, Bred, Palatine, CIC, HSBC, Saar LB, BNP Paribas, Commerzbank, and Bank of China.

Staff comments

1. AidData is unable to ascertain the individual contributions made to the facility by each member of the lending syndicate. Therefore, equal contributions from each lender have been assumed. 2. Similarly, AidData is unable to ascertain whether each lender contributed to one or both tranches, therefore a unified project record has been created representing a single contribution to both tranches by each lender. The average maturity between the two tranches has been used in the creation of this project record.