Bank of China contributes to $2.5 billion USD syndicated revolving credit facility to Fiserv for the acquisition of CheckFree Corporation and debt refinancing in 2007

Project narrative

On November 9, 2007, financial close was reached on a deal in which a syndicate of 29 banks, including the New York Branch of the Bank of China, participated in a $2.5 billion USD syndicated loan agreement with Fiserv, Inc., a leading global provider of financial technology solutions based in Brookfield, Wisconsin. The loan's maturity was set for November 9, 2012, and the interest rate was based on LIBOR plus an applicable margin. 
The proceeds were used by the borrower for general corporate purposes, including the acquisition of CheckFree Corporation, and debt refinancing. The acquisition of CheckFree, a provider financial electronic commerce services and products, such as electronic bill payment and internet banking headquartered in Norcross, Georgia, for $48 USD per share ($4.4 billion USD) in cash. It was completed on December 4, 2007. 
While Bank of China contributed to this syndicated loan, the following lenders also participated: JPMorgan Chase Bank, National Association (Administrative Agent); SunTrust Bank; Credit Suisse, Cayman Islands Branch; Wachovia Bank, N.A.; Sumitomo Mitsui Banking Corporation; The Bank of Tokyo-Mitsubishi UFJ, Ltd.; Bank of America, N.A.; Wells Fargo Bank, National Association; Fifth Third Bank; U.S. Bank, National Association; Mizuho Corporate Bank; The Northern Trust Company; PNC Bank, National Association; Sovereign Bank; Toronto Dominion (Texas) LLC; KeyBank National Association; Bank of Taiwan, New York Agency; Comerica Bank; E. Sun Commercial Bank, Ltd.; First Commercial Bank New York Agency; First Tennessee Bank, N.A.; Mega International Commercial Bank Co., Ltd.; Chang Hwa Commercial Bank, Ltd.; Taipei Fubon Commercial Bank; The Chiba Bank, Ltd.; and Hua Nan Commercial Bank, Ltd.