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Overview

Bank of China contributes to EUR 650 million syndicated revolving credit facility to Tarkett for debt refinancing purposes

Commitments (Constant USD, 2023)$47,137,343
Commitment Year•2015Country 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
Jun 24, 2015

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

  • Banco Bilbao Vizcaya Argentaria, S.A. (BBVA)
  • Banque Européenne Crédit Mutuel (BECM)
  • BGL BNP Paribas S.A. (formerly Banque Générale du Luxembourg (BGL))
  • BNP Paribas S.A.
  • BofA Securities, Inc. (Formerly Bank of America Merrill Lynch (BAML))
  • Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile de France
  • Commerzbank Aktiengesellschaft (Commerzbank AG)
  • Crédit Agricole Corporate and Investment Bank (CACIB) (Crédit Agricole CIB) (Formerly Calyon) (Formerly Crédit Agricole Indosuez (CAI))
  • Danske Bank A/S
  • HSBC Continental Europe S.A. (formerly HSBC France S.A.)
  • ING Belgium N.V./S.A.
  • Raiffeisen Bank International AG
  • Skandinaviska Enskilda Banken AB (SEB)
  • Société Générale Corporate and Investment Banking (SGCIB)

Receiving agencies

Private Sector

  • Tarkett

Loan description

2015 syndicated €650 million EUR revolving credit facility from BoC to Tarkett for debt refinancing purposes

Interest type•Unknown

Narrative

Full Description

Project narrative

On June 24, 2015, a syndicate of sixteen banks -- including Bank of China -- signed an agreement to provide a EUR 650 revolving credit facility to Tarkett, a French company focusing on flooring and sports surfaces. Proceeds from the facility will be use to refinance the company's existing credit facilities. Other lending details, including maturity and interest rate, are unknown. Other banks participating in the lending syndicate are BNP Paribas, Commerzbank, Credit Agricole-Corporate & Investment Bank, HSBC France, Societe Generale Corporate & Investment Banking, Bank of America Merrill Lynch, Banco Bilbao, Banque Europeenne du Credit Mutuel, Danske Bank, Raiffeisen Bank International, ING Belgium, Merchant Banking, Caisse Regional de Credit Agricole Mutuel de Paris et d'Ile de France, and BGL BNP Paribas.

Staff comments

1. AidData is unable to ascertain the individual contributions made to the facility by each lender, therefore equal contributions from each member of the syndicate have been assumed.