Bank of China contributes $40 million USD to $2.9 billion USD syndicated loan with Ball Corporation and subsidiaries for debt refinancing and general corporate purposes in 2016

Project narrative

On March 18, 2016, financial close was reached on a deal in which a syndicate of 43 banks — including the Chicago Branch of Bank of China — entered into a $2,900,000,000 USD syndicated loan agreement with Ball Corporation, an Indiana-based metal packaging manufacturer, and several of its affiliated entities, including Ball Aerosol and Specialty Container Inc., Ball Aerospace & Technologies Corp., Ball Metal Beverage Container Corp., and Ball Packaging Europe Holding B.V. The loan was divided into two tranches: a $1,400,000,000 USD Term Loan A and a $1,500,000,000 USD multicurrency revolving credit facility. The maturity of the loan is 5 years and the interest rate is LIBOR plus an applicable margin. The proceeds were used by the borrowers to refinance existing indebtedness and for general corporate purposes, including operational needs and liquidity support across the group’s global operations. While Bank of China contributed $40,000,000 USD to this loan, the following lenders also participated: Deutsche Bank AG ($193,250,000 USD), Bank of America ($150,500,000 USD), Goldman Sachs Bank USA ($113,000,000 USD), KeyBank ($134,500,000 USD), Mizuho Bank ($99,000,000 USD), Rabobank ($67,250,000 USD), Santander Bank ($46,000,000 USD), BNP Paribas ($59,000,000 USD), PNC Bank ($105,250,000 USD), Sumitomo Mitsui Banking Corporation ($88,000,000 USD), UniCredit ($59,000,000 USD), ANZ ($81,000,000 USD), MUFG ($96,000,000 USD), Crédit Agricole CIB ($54,750,000 USD), TD Bank ($81,000,000 USD), Barclays ($89,500,000 USD), Northern Trust ($83,500,000 USD), Raiffeisen Bank ($37,500,000 USD), CoBank ($275,000,000 USD), Bank of Montreal ($61,000,000 USD), Capital One ($72,500,000 USD), Citizens Bank ($72,500,000 USD), BBVA Compass ($61,000,000 USD), Crédit Industriel et Commercial London Branch ($20,375,000 USD), Crédit Industriel et Commercial New York Branch ($20,375,000 USD), Fifth Third Bank ($72,500,000 USD), HSBC Bank USA ($61,000,000 USD), Landesbank Hessen-Thüringen ($32,250,000 USD), Lloyds Bank ($86,000,000 USD), Bank of Nova Scotia ($61,000,000 USD), Wells Fargo ($72,500,000 USD), U.S. Bank ($58,000,000 USD), Commerzbank ($16,750,000 USD), Bank of Ireland ($11,750,000 USD), Huntington National Bank ($25,000,000 USD), Banco de Sabadell ($8,250,000 USD), KBC Bank ($15,250,000 USD), BOKF ($19,500,000 USD), Comerica Bank ($8,000,000 USD), Stifel Bank ($12,500,000 USD), Taiwan Cooperative Bank ($12,500,000 USD), FirstMerit Bank ($10,000,000 USD), California First National Bank ($9,000,000 USD), Chang Hwa Bank ($9,000,000 USD), and Mercantil Commercebank ($6,500,000 USD).