Bank of China contributes to $1.25 billion USD syndicated revolving credit facility to Edison International for general corporate purposes (Linked to Record ID#108155, #108156, #108157 and #108158)

Project narrative

On May 18, 2012, financial close was reached on a deal in which a syndicate of 19 banks — including Bank of China — entered into a $1.25 billion USD syndicated loan agreement with Edison International, a California-based public utility holding company that provides electricity through its subsidiaries. The maturity of the loan 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, Los Angeles branch contributed to this loan (Record ID#108154), the following lenders also participated: JPMorgan Chase Bank, N.A., Union Bank, N.A., Wells Fargo Bank, N.A., Barclays Bank PLC, Citibank, N.A., The Royal Bank of Scotland plc, Bank of the West, BNP Paribas, Chang Hwa Commercial Bank, Ltd. (New York Branch), City National Bank, Morgan Stanley Bank, N.A., PNC Bank, National Association, Royal Bank of Canada, SunTrust Bank, The Bank of New York Mellon, The Northern Trust Company, US Bank, National Association, and UBS AG (Stamford Branch). On July 14, 2015, financial close was reached on a deal in which a syndicate of 18 banks — including Bank of China — entered into a $2.75 billion USD syndicated loan agreement with Southern California Edison Company, a California-based regulated electric utility primarily serving Central, Coastal, and Southern California. The maturity of the loan 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 to this loan (Record ID#108155), the following lenders also participated: JPMorgan Chase Bank, N.A., MUFG Union Bank, N.A., Wells Fargo Bank, National Association, Barclays Bank PLC, Citibank, N.A., U.S. Bank National Association, BNP Paribas, Bank of the West, The Bank of New York Mellon, Royal Bank of Canada, SunTrust Bank, Mizuho Bank, Ltd., Morgan Stanley Bank, N.A., PNC Bank, National Association, The Northern Trust Company, City National Bank, and Bank of America, N.A. On May 17, 2018, financial close was reached on a deal in which a syndicate of 18 banks — including Bank of China — entered into a $1.5 billion USD syndicated loan agreement with Edison International, a California-based public utility holding company that provides electricity through its subsidiaries. The maturity of the loan 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 to this loan (Record ID#108156), the following lenders also participated: JPMorgan Chase Bank, N.A., Citibank, N.A., MUFG Union Bank, N.A., Wells Fargo Bank, N.A., Barclays Bank PLC, Mizuho Bank, Ltd., U.S. Bank National Association, Morgan Stanley Bank, N.A., PNC Bank, National Association, Royal Bank of Canada, Sumitomo Mitsui Banking Corporation, SunTrust Bank, TD Bank, N.A., The Bank of New York Mellon, BNP Paribas, Bank of America, N.A., and Bank of the West. On April 30, 2021, the parties entered into an amendment in which they extended the maturity date to May 17, 2025 and changed reference rate to SOFR. Bank of China’s contribution is recorded in Record ID#108157 On May 3, 2023, , the parties entered into an amendment in which they extended the maturity date to May 17, 2026. Bank of China’s contribution is recorded in Record ID#108158