China Construction Bank contributes $150 million USD to $3.775 billion USD revolving credit facility to Intercontinental Exchange Group and ICE Europe Parent for liquidity support purposes in 2021 (Record ID#107215 and #107214))

Project narrative

On April 3, 2014, financial close was reached on a deal in which a syndicate of 13 banks—including Bank of China—entered into a $3,000,000,000 USD syndicated loan agreement with Intercontinental Exchange Group, Inc. (ICE), a Delaware-based company that operates global exchanges, clearing houses, and provides financial and commodity market data services, and its European subsidiary ICE Europe Parent Limited. The loan's maturity is five years, and the interest rate was LIBOR plus an applicable margin. The use of proceeds was for liquidity support for clearing operations of the U.S. and European subsidiary. While Bank of China contributed $300,000,000 USD to this loan (Record ID#107208), the following lenders also participated: Wells Fargo Bank, National Association ($300,000,000 USD), Bank of America, N.A. ($300,000,000 USD), The Bank of Tokyo-Mitsubishi UFJ, Ltd. ($300,000,000 USD), Bank of Montreal ($225,000,000 USD), Compass Bank ($225,000,000 USD), Fifth Third Bank ($225,000,000 USD), Regions Bank ($225,000,000 USD), SunTrust Bank ($225,000,000 USD), JPMorgan Chase Bank, N.A. ($150,000,000 USD), Morgan Stanley Bank, N.A. ($150,000,000 USD), Societe Generale ($150,000,000 USD), U.S. Bank National Association ($150,000,000 USD), and Goldman Sachs Bank USA ($75,000,000 USD). On May 15, 2015, the parties entered into 1st Amendment in which they altered certain definitions. On November 9, 2015, the parties entered into 2nd Amendment in which they altered certain definitions. On November 13, 2015, they entered into 3rd Amendment in which they extended the maturity by one year to November 13, 2020. Bank of China’s contribution to the rescheduling is recorded in Record ID#107209. In addition, Regions Bank, SunTrust Bank and Goldman Sachs Bank USA withdrew from the syndicate. 743 On August 9, 2018, the parties entered into 6th Amendment in which the parties amended and restated the loan agreement. While Bank of China contributed $300,000,000 USD (Record ID#107211) and ICBC contributed $225,000,000 USD to this loan (Record ID#107212), the following lenders also participated: Wells Fargo Bank, National Association ($300,000,000 USD), Bank of America, N.A. ($300,000,000 USD), MUFG Bank, Ltd. ($300,000,000 USD), Bank of Montreal ($225,000,000 USD), Banco Bilbao Vizcaya Argentaria, S.A. New York Branch ($225,000,000 USD), Fifth Third Bank ($225,000,000 USD), Mizuho Bank, Ltd. ($225,000,000 USD), PNC Bank, National Association ($225,000,000 USD), Citibank, N.A. ($150,000,000 USD), Credit Suisse AG, Cayman Islands Branch ($150,000,000 USD), JPMorgan Chase Bank, N.A. ($150,000,000 USD), Morgan Stanley Bank, N.A. ($150,000,000 USD), Societe Generale ($150,000,000 USD), and Goldman Sachs Bank USA ($100,000,000 USD). In addition, the maturity is August 9, 2023. On August 14, 2020, the parties entered into 7th Amendment in which they altered certain definitions. On August 21, 2020, the parties entered into 8th Amendment in which they extended the maturity date to August 21, 2025. Also, they altered the margin to interest rates. Bank of China’s contribution is recorded in Record ID#107214 and ICBC’s contribution is #107215. On March 8, 2021, the parties entered into 9th Amendment in which China Construction Bank was added as an additional lender. CCB contributed $150 million USD to the syndicate (Record ID#107216). Other terms did not change. On October 15, 2021, the parties entered into 10th Amendment in which the parties extended the maturity to October 15, 2026 and lowered the margins to interest rates. BOC’s contribution is recorded in Record ID#107217, ICBC’s contribution is recorded in Record ID#107218, and CCB’s contribution is recorded in Record ID#107219. On May 11, 2022, the parties entered into 11th Amendment in which they changed certain definitions. On May 25, 2022, the parties entered into 12th Amendment and they restated the agreement. The proceeds of the Loans shall be used to provide for working capital and general corporate purposes of the Borrower. The interest rate is SOFR plus an applicable margin. While Bank of China contributed $300,000,000 USD (Record ID#107220), and ICBC contributed $150,000,000 USD to this loan (Record ID#107221), China Construction Bank contributed $150,000,000 USD (Record ID#107222), the following lenders also participated: Wells Fargo Bank, National Association ($300,000,000 USD), Bank of America, N.A. ($300,000,000 USD), JPMorgan Chase Bank, N.A. ($300,000,000 USD), MUFG Bank, Ltd. ($300,000,000 USD), Citibank, N.A. ($275,000,000 USD), Credit Suisse AG, New York Branch ($275,000,000 USD), Goldman Sachs Bank USA ($275,000,000 USD), Banco Bilbao Vizcaya Argentaria, S.A. New York Branch ($225,000,000 USD), Bank of Montreal ($225,000,000 USD), Fifth Third Bank, National Association ($225,000,000 USD), Mizuho Bank, Ltd. ($225,000,000 USD), PNC Bank, National Association ($225,000,000 USD), and Société Générale ($150,000,000 USD).