Bank of China contributes $90 million to $2.75 billion USD syndicated revolving credit facility to Becton, Dickinson and Company for general corporate purposes in 2021 (Linked to Record ID#107627 and #107629)

Project narrative

On March 27, 2017, financial close was reached on a deal in which a syndicate of 18 banks — including Bank of China — entered into a $2.25 billion revolving credit facility with Becton, Dickinson and Company., a U.S.-based multinational holding company operating pharmacy-led health and beauty retail businesses. The loan’s maturity is 5 years, and the interest rate was LIBOR plus an applicable margin. The use of proceeds was for general corporate purposes. While Bank of China contributed $60 million USD to this loan (Record ID#107627), the following lenders also participated: Citibank, N.A.; BNP Paribas; JPMorgan Chase Bank, N.A.; The Bank of Tokyo-Mitsubishi UFJ, Ltd.; Barclays Bank PLC; Morgan Stanley Bank, N.A.; Wells Fargo Bank, N.A.; Goldman Sachs Bank USA; The Bank of Nova Scotia; Intesa Sanpaolo S.p.A.; U.S. Bank National Association; Standard Chartered Bank; PNC Bank, National Association; The Toronto-Dominion Bank; The Bank of New York Mellon; ING Bank N.V., Dublin Branch; The Northern Trust Company; and Svenska Handelsbanken AB (publ). On September 10, 2021, financial close was reached on a deal in which a syndicate of 19 banks — including Bank of China — entered into a $2,750,000,000 USD syndicated loan agreement withBecton, Dickinson and Company., a U.S.-based multinational holding company operating pharmacy-led health and beauty retail businesses to support general corporate purposes. The maturity of the loan is 5 years and the interest rate is LIBOR plus an applicable margin. The use of proceeds is for general corporate purposes. While Bank of China contributed $90,000,000 USD to this loan (Record ID#107628), the following lenders also participated: Citibank, N.A. ($194,000,000 USD); Wells Fargo Bank, N.A. ($194,000,000 USD); Barclays Bank PLC ($194,000,000 USD); BNP Paribas ($194,000,000 USD); Goldman Sachs Bank USA ($194,000,000 USD); JPMorgan Chase Bank, N.A. ($194,000,000 USD); Morgan Stanley Bank, N.A. ($194,000,000 USD); MUFG Bank, Ltd. ($194,000,000 USD); The Bank of Nova Scotia ($194,000,000 USD); US Bank National Association ($194,000,000 USD); ING Bank N.V. – Dublin Branch ($90,000,000 USD); Intesa Sanpaolo SPA ($90,000,000 USD); KBC Bank N.V. ($90,000,000 USD); PNC Bank, National Association ($90,000,000 USD); Standard Chartered Bank ($90,000,000 USD); Svenska Handelsbanken AB (publ) ($90,000,000 USD); The Northern Trust Company ($90,000,000 USD); and The Toronto-Dominion Bank ($90,000,000 USD). On March 3, 2023, financial close was reached on a deal in which a syndicate of 19 banks — including Bank of China — entered into a $2.75 billion loan with Becton, Dickinson and Company., a U.S.-based multinational holding company operating pharmacy-led health and beauty retail businesses and Becton Dickinson Euro Finance S.A.R.L., a subsidiary. The loan’s maturity is five years and the interest rate was Term SOFR plus an applicable margin. The use of proceeds is for general corporate purposes. While Bank of China contributed $90 million to this loan (Record ID#107629), the following lenders also participated: Citibank, N.A.; Wells Fargo Bank, N.A.; Barclays Bank PLC; BNP Paribas; Goldman Sachs Bank USA; JPMorgan Chase Bank, N.A.; Morgan Stanley Bank, N.A.; MUFG Bank, Ltd.; The Bank of Nova Scotia; U.S. Bank National Association; ING Bank N.V., Dublin Branch; Intesa Sanpaolo S.P.A., New York Branch; KBC Bank N.V.; PNC Bank, National Association; Standard Chartered Bank; Svenska Handelsbanken AB (publ), New York Branch; The Northern Trust Company; and The Toronto-Dominion Bank, New York Branch.