Bank of China contributes $75 million USD to $3.05 billion USD syndicated loan to CBRE and subsidiaries for general corporate and debt financing purposes in 2017 (Linked to Record ID#108162)

Project narrative

On October 31, 2017, financial close was reached on a deal in which a syndicate of 26 banks — including Bank of China — entered into a $3.55 billion USD syndicated loan agreement with CBRE Services, Inc. and its subsidiaries CBRE Limited (UK), CBRE Limited (New Zealand), and CBRE Limited (Canada), a multinational real estate and investment firm headquartered in the United States. This loan was divided into four tranches: a $2.3 billion USD domestic revolving credit facility, a $200 million USD multicurrency revolving credit facility, a $300 million USD UK revolving credit facility, and a $750 million USD Tranche A commitment. 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 and debt refinancing. While Bank of China contributed $75,000,000 USD to this loan (Record ID#108161), the following lenders also participated: Wells Fargo Bank, N.A., Bank of America, N.A., JPMorgan Chase Bank, N.A., HSBC Bank USA, N.A., The Bank of Nova Scotia, The Bank of Tokyo-Mitsubishi UFJ, Ltd., The Royal Bank of Scotland PLC, Barclays Bank PLC, Citibank, N.A., ING Bank N.V. (Dublin Branch), Credit Suisse AG (Cayman Islands Branch), Branch Banking & Trust Company, Santander Bank, N.A., U.S. Bank N.A., The Bank of New York Mellon, Australia and New Zealand Banking Group Limited, KeyBank N.A., PNC Bank N.A., Fifth Third Bank, Société Générale, Associated Bank N.A., Comerica Bank, Danske Bank A/S, First Commercial Bank (New York Branch), Mega International Commercial Bank Co., Ltd., and Bank of Hawaii. On March 4, 2019, financial close was reached on a deal in which a syndicate of 26 banks — including Bank of China — entered into a $300 million USD incremental loan agreement with CBRE Services, Inc. and its subsidiaries, a multinational real estate and investment firm headquartered in the United States. The maturity of the loan is 5 years and the interest rate was LIBOR plus an applicable margin. The use of proceeds was to refinance the loan agreement originally signed in 2017. While Bank of China contributed $63,934,426.23 USD to this loan (Record ID#108162), the following lenders also participated: Wells Fargo Bank, N.A., Bank of America, N.A., HSBC Bank USA, N.A., MUFG Bank, Ltd., The Bank of Nova Scotia, JPMorgan Chase Bank, N.A., The Royal Bank of Scotland PLC, Barclays Bank PLC, ING Bank N.V. (Dublin Branch), Citibank, N.A., Credit Suisse AG (Cayman Islands Branch), Branch Banking & Trust Company, Santander Bank, N.A., U.S. Bank N.A., Australia and New Zealand Banking Group Limited, The Bank of New York Mellon, Lloyds Bank Corporate Markets PLC, PNC Bank N.A., KeyBank N.A., Société Générale, Fifth Third Bank, Associated Bank N.A., Comerica Bank, First Commercial Bank (New York Branch), Mega International Commercial Bank Co., Ltd., Bank of Hawaii, and Danske Bank A/S.