Bank of China contributes $20 million USD to $1.965 billion USD syndicated loan to NCR Corporation for general corporate and debt refinancing purposes in 2013 (Linked to Record ID#108254)

Project narrative

On August 22, 2011, NCR Corporation, a technology company based in Atlanta, Georgia, that specializes in software, hardware, and services for the finance, retail, hospitality, telecom, and technology industries, signed a loan agreement. There is no Chinese bank involvement. On August 22, 2012, NCR Corporation signed an incremental loan agreement to amend the original loan agreement in 2011 in which they increased the term loan by $150 million and $150 million for the revolving credit facility. While Bank of China, New York Branch contributed $20,000,000 USD to the loan (Record ID#108254), the following lenders also participated: JPMorgan Chase Bank, N.A. ($2,500,000 USD), Bank of America, N.A. ($2,500,000 USD), Royal Bank of Canada ($2,500,000 USD), SunTrust Bank ($55,000,000 USD), The Bank of Tokyo-Mitsubishi UFJ, Ltd.($2,500,000 USD), Mizuho Corporate Bank, Ltd. ($2,500,000 USD), Wells Fargo Bank, N.A. ($5,000,000 USD), Regions Bank ($5,000,000 USD), The Northern Trust ($2,500,000 USD), TD Bank, N.A. ($2,500,000 USD), Citibank, N.A. ($2,500,000 USD), HSBC Bank USA, National Association ($2,500,000 USD), US Bank, National Association ($2,500,000 USD), PNC Bank, National Association ($5,000,000 USD), KeyBank National Association($5,000,000 USD), Sumitomo Mitsui Banking Corporation ($10,000,000 USD), Sovereign Bank, N.A. ($10,000,000 USD), Zions First National Bank ($10,000,000 USD), and RBS Citizens, NA ($10,000,000 USD). The incremental loan is due on September 30, 2017. The proceeds of the Term Loans were used to repay amounts owing under the Existing Credit Agreement on the Effective Date, to pay Transaction Costs, and otherwise for general corporate purposes. On July 25, 2013, financial close was reached on a deal in which a syndicate of 43 banks — including Bank of China, New York and Bank of East Asia — entered into a $1.965 billion USD syndicated loan agreement with NCR Corporation, a technology company based in Atlanta, Georgia, that specializes in software, hardware, and services for the finance, retail, hospitality, telecom, and technology industries. This loan was divided into two tranches: a Term Loan Facility of $1.115 billion USD and a Revolving Facility of $850 million USD. The maturity of the loan is 5 years, and the interest rate is LIBOR plus an applicable margin. The proceeds of the Term Loans were used to repay amounts owing under the Existing Credit Agreement on the Effective Date, to pay Transaction Costs, and otherwise for general corporate purposes. While Bank of China, New York contributed $20,000,000 USD (Record ID#108255) to this loan, the following lenders also participated: Bank of East Asia contributed $21,278,625.95 USD, JPMorgan Chase Bank, N.A. ($103,500,000 USD), SunTrust Bank ($103,500,000 USD), Royal Bank of Canada ($103,500,000 USD), Bank of America ($103,500,000 USD), Bank of Tokyo-Mitsubishi UFJ ($103,500,000 USD), Wells Fargo Bank ($103,500,000 USD), Mizuho ($95,000,000 USD), Fifth Third Bank ($80,000,000 USD), HSBC ($80,000,000 USD), PNC Bank ($80,000,000 USD), Regions Bank ($67,500,000 USD), TD Bank ($67,500,000 USD), Compass Bank ($67,500,000 USD), Sovereign Bank, N.A.($67,500,000 USD), US Bank, National Association ($60,000,000 USD), Sumitomo Mitsui ($60,000,000 USD), RBS Citizens, N.A. ($60,000,000 USD), BNP Paribas ($55,000,000 USD), Northern Trust Company ($55,000,000 USD), Citibank, N.A. ($55,000,000 USD), KeyBank National Association ($45,000,000 USD), Bank of the West($40,000,000 USD), Branch Banking & Trust ($40,000,000 USD), Bank of Nova Scotia ($35,000,000 USD), Morgan Stanley Bank, N.A. ($32,500,000 USD), Zions First National Bank ($25,000,000 USD), The Bank of New York Mellon ($20,000,000 USD), Mercantil Commerce ($20,000,000 USD), Sabadell United Bank ($20,000,000 USD), Standard Chartered ($16,221,374.05 USD), First Commercial Bank, New York Branch ($10,000,000 USD), Mega International Commercial Bank Co., Ltd. Los Angeles Branch ($10,000,000 USD), American Savings Bank($10,000,000 USD), Manufacturers Bank ($10,000,000 USD), Modern Bank, N.A. ($5,000,000 USD), Synovus($2,000,000 USD), Unicredit ($2,000,000 USD), FirstMerit Bank, N.A. ($2,000,000 USD), First Tennessee($2,000,000 USD), Rockville Bank ($2,000,000 USD), E. Sun Commercial Bank, Ltd., Los Angeles Branch($2,000,000 USD), Far East ($2,000,000 USD). On November 20, 2015, the parties signed into a third amendment in which they changed certain definitions.