Bank of China contributes ¥4 billion JPY to ¥55 billion JPY syndicated revolving credit facility to Prologis Marunouchi Finance Investment for working capital purposes in 2020 (Linked to Record ID#108193, #108194 and #108196)

Project narrative

On August 14, 2013, financial close was reached on a deal in which a syndicate of 9 banks — including Bank of China — entered into a ¥45,000,000,000 JPY syndicated loan agreement with Prologis Japan Finance Y.K., a Japanese subsidiary of the U.S.-based logistics real estate investment trust Prologis. The loan matures on May 14, 2018, giving it a tenor of just under 5 years. The interest rate is LIBOR plus an applicable margin. The proceeds were used by the borrower to refinance existing debt obligations, improving the company’s capital structure and extending its debt maturity profile. While Bank of China contributed ¥2,000,000,000 JPY to this loan (Record ID#108193), the following lenders also participated: Sumitomo Mitsui Banking Corporation (¥12.3 billion JPY), Bank of Tokyo-Mitsubishi UFJ (¥8 billion JPY), Mizuho Bank (¥5.7 billion JPY), Shinsei Bank (¥5 billion JPY), The Bank of Nova Scotia (¥4 billion JPY), ING Bank N.V. Tokyo Branch (¥4 billion JPY), Crédit Agricole CIB Tokyo Branch (¥2.8 billion JPY), and United Overseas Bank (¥1.2 billion JPY). On February 16, 2017, financial close was reached on a deal in which a syndicate of 8 banks — including Bank of China — entered into a ¥58,000,000,000 JPY (approximately $50 million USD) syndicated loan agreement with Prologis Marunouchi Finance Investment Limited Partnership, a Japanese investment vehicle affiliated with Prologis, the U.S.-based industrial and logistics real estate investment trust. The maturity of the loan is 4 years, with a scheduled end date of February 16, 2021. The interest rate is LIBOR plus an applicable margin. The proceeds were used by the borrower for working capital needs and to refinance existing debt — allowing the partnership to maintain liquidity and optimize its capital structure. While Bank of China contributed ¥4,000,000,000 JPY to this loan (Record ID#108194), the following lenders also participated: Sumitomo Mitsui Banking Corporation (¥15 billion JPY), Bank of Tokyo-Mitsubishi UFJ (¥8 billion JPY), Mizuho Bank (¥8 billion JPY), Mitsubishi UFJ Trust and Banking Corporation (¥5 billion JPY), Sumitomo Mitsui Trust Bank (¥5 billion JPY), Shinsei Bank (¥3 billion JPY), and The Bank of Nova Scotia (undisclosed amount). On July 10, 2020, financial close was reached on a deal in which a syndicate of 6 banks — including Bank of China — entered into a ¥55,000,000,000 JPY syndicated loan agreement with Prologis Marunouchi Finance Investment Limited Partnership, a Japanese investment affiliate of Prologis, a U.S.-based global logistics and industrial real estate investment trust. The loan matures on July 10, 2024, giving it a 4-year tenor. The interest rate is LIBOR plus an applicable margin. The proceeds were used by the borrower for general corporate purposes and to refinance existing debt — allowing the company to manage its capital structure and liquidity needs amid global market conditions. While Bank of China contributed ¥4,000,000,000 JPY to this loan (Record ID#108195), the following lenders also participated: Sumitomo Mitsui Banking Corporation (¥14 billion JPY), Mizuho Bank (¥14 billion JPY), MUFG Bank (¥13 billion JPY), Shinsei Bank (¥5 billion JPY), and Sumitomo Mitsui Trust Bank (¥5 billion JPY). On August 25, 2023, financial close was reached on a deal in which a syndicate of 6 banks — including Bank of China — entered into a ¥58,500,000,000 JPY syndicated loan agreement with Prologis Marunouchi Finance Investment Limited Partnership, a Japan-based investment entity affiliated with Prologis, the global logistics and industrial real estate investment trust headquartered in the United States. The loan matures on August 25, 2027, and the interest rate is based on a reference rate (likely SOFR or an equivalent) plus an applicable margin. The proceeds were used by the borrower for general corporate purposes, providing liquidity to support its ongoing operations and portfolio expansion in Japan. While Bank of China contributed ¥6,500,000,000 JPY to this loan (Record ID#108196), the following lenders also participated: Sumitomo Mitsui Banking Corporation (¥14 billion JPY), Mizuho Bank (¥14 billion JPY), MUFG Bank (¥13 billion JPY), SBI Shinsei Bank (¥7 billion JPY), and Sumitomo Mitsui Trust Bank (¥4 billion JPY).