Bank of China contributes to $5 billion USD 364-day syndicated revolving credit facility to the Walt Disney Company for general corporate purposes in April 2020 (Linked to Record ID#106952)

Project narrative

On April 10, 2020, financial close was reached on a deal in which a syndicate of 22 banks—including Bank of China, Los Angeles Branch, and ICBC, New York Branch—entered into a $5 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 1 year, with an interest rate based on LIBOR plus an applicable margin. The proceeds of this loan were used for general corporate purposes. This loan is different from the similar 364-day revolving credit facility signed between the company with the banks in March 2020. While Bank of China (Record ID#106951) and ICBC (Record ID#106952) participated in this loan, the following lenders also contributed: JPMorgan Chase Bank, N.A.; BNP Paribas; Deutsche Bank AG New York Branch; Bank of America, N.A.; Royal Bank of Canada; Truist Bank; Credit Suisse AG, Cayman Islands Branch; Mizuho Bank, Ltd.; Morgan Stanley Bank, N.A.; MUFG Union Bank, N.A.; Société Générale; Sumitomo Mitsui Banking Corporation; The Toronto-Dominion Bank, New York Branch; U.S. Bank National Association; Goldman Sachs Bank USA; HSBC Bank USA, N.A.; Santander Bank, N.A.; Standard Chartered Bank; and Westpac Banking Corporation.