Bank of China contributes $20 million USD to $200 million USD syndicated term loan to IDEX Corporation and its subsidiaries for general corporate purposes in 2022 (Linked to Record ID#107543 and #107544)

Project narrative

On May 31, 2019, financial close was reached on a deal in which a syndicate of 8 banks — including the Chicago Branch of the Bank of China — entered into an $800,000,000 USD syndicated loan agreement with IDEX Corporation, a U.S.-based industrial company, and several of its foreign subsidiaries including Fast & Fluid Management B.V. (Netherlands), IDEX Europe GmbH (Germany), LUKAS Hydraulik GmbH (Germany), and IDEX UK Ltd. (UK). The maturity of the loan was 5 years and the interest rate was LIBOR plus an applicable margin. The use of proceeds was for general corporate purposes. Bank of China contributed $67,500,000 USD to this loan (Record ID#107543), the following lenders also participated: Bank of America, N.A. ($115,000,000), JPMorgan Chase Bank, N.A. ($115,000,000), Wells Fargo Bank, National Association ($115,000,000), HSBC Bank USA, National Association ($80,000,000), Mizuho Bank, Ltd. ($80,000,000), PNC Bank, National Association ($80,000,000), U.S. Bank National Association ($80,000,000), and MUFG Bank, Ltd. ($67,500,000). On November 1, 2022, financial close was reached on a deal in which a syndicate of 9 banks — including the Chicago Branch of Bank of China — entered into a $1,000,000,000 USD amended and restated credit agreement with IDEX Corporation, a U.S.-based industrial company, and several of its foreign subsidiaries including Fast & Fluid Management B.V. (Netherlands), IDEX UK Ltd. (UK), IDEX Europe GmbH (Germany), and LUKAS Hydraulik GmbH (Germany). The agreement includes an $800,000,000 revolving credit facility and a $200,000,000 term loan facility. The maturity of the loan was 5 years and the interest rate is SOFR plus an applicable margin. The use of proceeds was for general corporate purposes. Bank of China contributed $80,000,000 USD to the revolving facility (Record ID#107544) and $20,000,000 USD to the term facility (Record ID#107545), the following lenders also participated: Bank of America, N.A. ($115,000,000 to the revolving facility, $35,000,000 to the term facility), JPMorgan Chase Bank, N.A. ($115,000,000; $35,000,000), Wells Fargo Bank, N.A. ($115,000,000; $35,000,000), PNC Bank, N.A. ($115,000,000; $35,000,000), HSBC Bank USA, N.A. ($80,000,000; $20,000,000), Mizuho Bank, Ltd. ($80,000,000; $20,000,000), Commerzbank AG, New York Branch ($50,000,000 to revolving facility only), and Svenska Handelsbanken AB, New York Branch ($50,000,000 to revolving facility only).