China Construction Bank contributes to $2.25 billion USD syndicated term loan to the Walt Disney Company for general corporate purposes in 2014 (Linked to Record ID#106890, #106891, and #106889)

Project narrative

On March 14, 2014, financial close was reached on a deal in which a syndicate of 32 banks — including Bank of China and ICBC — entered into a $2.25 billion USD syndicated loan agreement with The Walt Disney Company, a Delaware-based multinational entertainment conglomerate engaged in film production, television broadcasting, theme parks, and merchandising. The maturity of the loan is five years, and the interest rate was based on LIBOR plus an applicable margin. The proceeds were used by the borrower for general corporate purposes. The agreement states that the loan was not to be used for acquiring control of another company if the target company's board of directors publicly opposed the acquisition. While Bank of China (Record ID#106889), ICBC (Record ID#(106890), Agricultural Bank of China (Record ID#106891), and China Construction Bank (Record ID#106892) contributed to this loan, the following lenders also participated: JPMorgan Chase Bank, Citibank, BNP Paribas, Deutsche Bank, Bank of America, Credit Suisse, Goldman Sachs Bank USA, HSBC Bank USA, Mizuho Bank, Morgan Stanley MUFG Loan Partners, The Royal Bank of Scotland, Wells Fargo, Royal Bank of Canada, The Bank of Tokyo-Mitsubishi UFJ, Lloyds Bank, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation, SunTrust Bank, U.S. Bank, Bayerische Landesbank, DBS Bank, ING Capital, State Street Bank, Svenska Handelsbanken, The Bank of New York Mellon, The Northern Trust Company, and Toronto Dominion. On March 9, 2018, financial close was reached on a deal in which a syndicate of 32 banks—including Agricultural Bank of China Ltd., New York Branch; Bank of China, Los Angeles Branch; and ICBC, New York Branch—entered into a $4 billion USD syndicated loan agreement with The Walt Disney Company, a multinational mass media and entertainment conglomerate headquartered in Burbank, California. The loan had a maturity of 5 years, with an interest rate based on LIBOR plus an applicable margin determined by Disney's credit rating. The proceeds of this loan were used for general corporate purposes. While Bank of China (Record ID#106972), ICBC (Record ID#106980), and Agricultural Bank of China Ltd (Record ID#106981) participated in this loan, the following lenders also contributed: JPMorgan Chase Bank, N.A.; Citibank, N.A.; BNP Paribas; Deutsche Bank AG New York Branch; Bank of America, N.A.; Credit Suisse AG, Cayman Islands Branch; Goldman Sachs Bank USA; HSBC Bank USA, N.A.; Mizuho Bank, Ltd.; Morgan Stanley Bank, N.A.; MUFG Bank, Ltd.; Royal Bank of Canada; Société Générale; Sumitomo Mitsui Banking Corporation; SunTrust Bank; The Toronto-Dominion Bank, New York Branch; U.S. Bank National Association; Wells Fargo Bank, N.A.; ING Bank N.V., Dublin Branch; Santander Bank, N.A.; Standard Chartered Bank; Bayerische Landesbank, New York Branch; Commerzbank AG, New York Branch; Fifth Third Bank; Intesa Sanpaolo S.p.A., New York Branch; The Northern Trust Company; Svenska Handelsbanken AB (Publ); and UniCredit Bank AG, New York Branch. On December 19, 2018, the parties amended certain definitions. On March 4, 2022, financial close was reached on a deal in which a syndicate of 28 banks—including Agricultural Bank of China Ltd., New York Branch; Bank of China, Los Angeles Branch; and ICBC, New York Branch—entered into a $4 billion USD syndicated loan agreement with The Walt Disney Company, a multinational mass media and entertainment conglomerate headquartered in Burbank, California. The loan had a maturity of 5 years(expiring on March 4, 2027), with an interest rate based on SOFR (Secured Overnight Financing Rate) plus an applicable margin determined by Disney's credit rating. The proceeds of this loan were used for general corporate purposes. While BOC ((Record ID#106982), ICBC ((Record ID#106983) and Agricultural Bank of China Ltd (Record ID#106984) participated in this loan, the following lenders also contributed: Citibank, N.A.; BNP Paribas; Deutsche Bank AG New York Branch; Bank of America, N.A.; Credit Suisse AG, New York Branch; Goldman Sachs Bank USA; HSBC Bank USA, N.A.; Mizuho Bank, Ltd.; Morgan Stanley Bank, N.A.; MUFG Bank, Ltd.; Royal Bank of Canada; Société Générale; Sumitomo Mitsui Banking Corporation; The Toronto-Dominion Bank, New York Branch; Truist Bank; U.S. Bank National Association; Wells Fargo Bank, N.A.; Banco Santander S.A., New York Branch; ING Bank N.V., Dublin Branch; Standard Chartered Bank; Commerzbank AG, New York Branch; Intesa Sanpaolo S.p.A., New York Branch; Svenska Handelsbanken AB (Publ), New York Branch; Westpac Banking Corporation; and JPMorgan Chase Bank, N.A.