Bank of China contributes $22.5 million USD to $750 million USD syndicated revolving credit facility to Stryker Corporation for working capital and general corporate purposes in 2001 (Linked to Record ID#107659)

Project narrative

On December 21 2001, financial close was reached on a deal in which a syndicate of 24 banks — including Bank of China — entered into a $250,000,000 USD 364-day syndicated loan agreement with Stryker Corporation, a Michigan-based medical technologies firm specializing in orthopedic implants, surgical equipment, and neurotechnology. The maturity of the loan is less than one year (364 days), and the interest rates were fixed per lender, ranging from 1.00% to 8.00%. The use of proceeds is for working capital and other general corporate purposes. While Bank of China contributed $7,500,000 USD to this loan (Record ID#107659), the following lenders also participated: Bank of America, N.A. ($20,000,000 USD); The Bank of New York ($8,750,000 USD); The Bank of Nova Scotia ($18,750,000 USD); BNP Paribas ($16,250,000 USD); Credit Lyonnais ($2,500,000 USD); Barclays Bank PLC ($11,875,000 USD); The Fuji Bank, Limited ($11,250,000 USD); The Industrial Bank of Japan, Limited ($7,500,000 USD); Sumitomo Mitsui Banking Corporation ($6,250,000 USD); Lloyds TSB Bank PLC ($11,875,000 USD); National City Bank ($8,750,000 USD); The Norinchukin Bank ($6,250,000 USD); The Bank of Tokyo-Mitsubishi, Ltd. ($18,750,000 USD); SunTrust Bank ($18,750,000 USD); National Bank of Kuwait, S.A.K. ($2,500,000 USD); The Governor and Company of the Bank of Ireland ($11,875,000 USD); Fleet National Bank ($18,750,000 USD); Key Bank National Association ($11,875,000 USD); Union Planters Bank NA ($3,750,000 USD); Bank One, NA ($18,750,000 USD); Land Bank of Taiwan ($3,750,000 USD); and Fifth Third Bank (Western Michigan) ($3,750,000 USD). On December 21, 2001, financial close was reached on a deal in which a syndicate of 23 banks — including Bank of China — entered into a $750,000,000 USD syndicated loan agreement with Stryker Corporation — a Michigan-based medical technologies firm specializing in orthopedic implants, surgical equipment, and neurotechnology. The maturity of the loan is 5 years and the interest rate is LIBOR plus an applicable margin. The use of proceeds is unknown. While Bank of China contributed $22,500,000 USD to this loan (Record ID#107660), the following lenders also participated: Bank of America, N.A. ($60,000,000 USD); The Bank of New York ($26,250,000 USD); The Bank of Nova Scotia ($56,250,000 USD); BNP Paribas ($48,750,000 USD); Credit Lyonnais ($7,500,000 USD); Barclays Bank PLC ($35,625,000 USD); The Fuji Bank, Limited ($33,750,000 USD); The Industrial Bank of Japan, Limited ($22,500,000 USD); Sumitomo Mitsui Banking Corporation ($18,750,000 USD); Lloyds TSB Bank PLC ($35,625,000 USD); National City Bank ($26,250,000 USD); The Norinchukin Bank ($18,750,000 USD); The Bank of Tokyo-Mitsubishi, Ltd. ($56,250,000 USD); SunTrust Bank ($56,250,000 USD); National Bank of Kuwait, S.A.K. ($7,500,000 USD); The Governor and Company of the Bank of Ireland ($35,625,000 USD); Fleet National Bank ($56,250,000 USD); Key Bank National Association ($35,625,000 USD); Union Planters Bank NA ($11,250,000 USD); Bank One, NA ($56,250,000 USD); Land Bank of Taiwan ($11,250,000 USD); and Fifth Third Bank (Western Michigan) ($11,250,000 USD).