Bank of China contributes to $3.5 billion USD syndicated revolving credit facility to Walgreens Boots Alliance Inc. for general corporate purposes in 2018 (Linked to Record ID#105400)

Project narrative

On August 29, 2018, financial close was reached on a deal in which a syndicate of 23 banks — including the Chicago Branch of the Bank of China (BOC) — entered into a $3.5 billion USD syndicated revolving credit facility (RCF) agreement with Walgreens Boots Alliance, Inc., a Delaware-incorporated retail pharmacy company headquartered in Deerfield, Illinois. The loan carried a maturity of five years, and the interest rate was LIBOR plus an applicable margin. The use of proceeds was for general corporate purposes (which may include ay material acquisition or other acquisition). In addition to BOC (Record ID#105399), the following lenders also contributed to the loan syndicate: Wells Fargo Bank, Bank of America, HSBC Bank USA, N.A., Deutsche Bank AG, Mizuho Bank, Morgan Stanley Bank, N.A., MUFG Bank, Sumitomo Mitsui Banking Corporation, UBS AG, UniCredit Bank AG, U.S. Bank, N.A., Goldman Sachs Bank USA, Intesa Sanpaolo S.P.A., JPMorgan Chase Bank, N.A., National Westminster Bank PLC, Societe Generale, Branch Banking and Trust Company, Banco Santander, S.A., Fifth Third Bank, Standard Chartered Bank, The Northern Trust Company, and The Toronto-Dominion Bank. On June 17, 2022, financial close was reached on a deal in which a syndicate of 18 banks — including the Chicago Branch of BOC — entered into a $3.5 billion USD syndicated RCF agreement with Walgreens Boots Alliance, Inc. The loan carried a maturity of five years, and the interest rate was SOFR plus an applicable margin. The proceeds were to be used for general corporate purposes and to replace (refinance) both the August 29, 2018 RCF and a December 23, 2020 RCF. In addition to BOC (Record ID#105400), the following lenders also contributed to the loan syndicate: Wells Fargo Bank, Bank of America, BNP Paribas, Deutsche Bank AG, Mizuho Bank, Morgan Stanley Bank, N.A., MUFG Bank, Sumitomo Mitsui Banking Corporation, U.S. Bank, N.A., Goldman Sachs Bank USA, Intesa Sanpaolo S.P.A., JPMorgan Chase Bank, N.A., Societe Generale, Truist Bank, The Northern Trust Company, PNC Bank, N.A., and The Toronto-Dominion Bank.