Bank of China contributes $2.5 million USD equivalent of HKD to $100 million USD equivalent of HKD tranche of $2.9 billion USD syndicated loan to Arrow Electronics and foreign subsidiaries for general corporate and working capital purposes in 2018 (Linked to Record ID#108500, #108501 and #108502)

Project narrative

On December 13, 2013, financial close was reached on a deal in which a syndicate of 18 banks — including Bank of China — entered into a 2.2 billion USD syndicated loan agreement with Arrow Electronics, Inc. — a Centennial, Colorado-based global provider of electronic components and enterprise computing solutions — for general corporate and working capital purposes. This loan was divided into five tranches: a 1.5 billion USD tranche, a 400 million USD euro-equivalent tranche, a 267 million USD pound-equivalent tranche, a 100 million USD Hong Kong dollar-equivalent tranche, and a Swedish krona tranche excluded from tracking. The maturity of the loan is 5 years and the interest rate is LIBOR plus an applicable margin. The proceeds were used by the borrower for general corporate and working capital purposes, helping to support the company’s ongoing operational needs across its global subsidiaries. While Bank of China contributed approximately 70,200,235 USD to this loan — including 50,000,000 USD (Record ID#108494), 10,000,000 USD equivalent of Euros (Record ID#108495), 6,666,666.68 USD equivalent of GBP (Record ID#108496), and 3,533,568.90 USD equivalent of Hong Kong Dollars (Record ID#108507) — the following lenders also participated: JPMorgan Chase Bank, N.A.; BNP Paribas; Bank of America, N.A.; The Bank of Nova Scotia; The Bank of Tokyo-Mitsubishi UFJ, Ltd.; Wells Fargo Bank, N.A.; HSBC Bank USA, National Association; Goldman Sachs Bank USA; Mizuho Bank, Ltd.; The Royal Bank of Scotland plc; ING Bank N.V. – Dublin Branch; Morgan Stanley Bank, N.A.; Nordea Bank Finland plc; Sumitomo Mitsui Banking Corporation; Danske Bank A/S; and Lloyds Bank plc. On December 23, 2016, financial close was reached on a deal in which a syndicate of 20 banks — including Bank of China — entered into a 2.5 billion USD syndicated loan agreement with Arrow Electronics, Inc. The loan included a 1.8 billion USD tranche, a 400 million USD euro-equivalent tranche, a 267 million USD pound-equivalent tranche, a 100 million USD Hong Kong dollar-equivalent tranche, and a Swedish krona tranche excluded from tracking. The maturity is 5 years and the interest rate is LIBOR plus an applicable margin. The proceeds were used by the borrower for general corporate and working capital purposes. While Bank of China contributed approximately 66,400,000 USD to this loan — including 50,000,000 USD (Record ID#108497), 8,333,333.33 USD equivalent of Euros (Record ID#108498), 5,555,555.56 USD equivalent of GBP (Record ID#108499), and 2,777,777.78 USD equivalent of Hong Kong Dollars (Record ID#108508) — the following lenders also participated: JPMorgan Chase Bank, N.A.; BNP Paribas; Bank of America, N.A.; The Bank of Nova Scotia; The Bank of Tokyo-Mitsubishi UFJ, Ltd.; ING Bank N.V.; Mizuho Bank, Ltd.; Sumitomo Mitsui Banking Corporation; Danske Bank A/S; HSBC Bank USA, National Association; Goldman Sachs Bank USA; Wells Fargo Bank, N.A.; Barclays Bank PLC; Branch Banking and Trust Company; Nordea Bank Finland PLC; Standard Chartered Bank; and U.S. Bank National Association. On December 14, 2018, financial close was reached on a deal in which a syndicate of 22 banks — including Bank of China — entered into a 2.9 billion USD syndicated loan agreement with Arrow Electronics, Inc. The loan included a 2.0 billion USD tranche, a 600 million USD euro-equivalent tranche, a 267 million USD pound-equivalent tranche, a 100 million USD Hong Kong dollar-equivalent tranche, and a Swedish krona tranche excluded from tracking. The maturity is 5 years and the interest rate is LIBOR plus an applicable margin. The proceeds were used by the borrower for general corporate and working capital purposes. While Bank of China contributed approximately 67,500,000 USD to this loan — including 50,000,000 USD (Record ID#108500), 12,500,000 USD equivalent of Euros (Record ID#108501), 5,000,000 USD equivalent of GBP (Record ID#108502), and 2,500,000 USD equivalent of Hong Kong Dollars (Record ID#108509) — the following lenders also participated: JPMorgan Chase Bank, N.A.; Bank of America, N.A.; BNP Paribas; ING Bank N.V.; Mizuho Bank, Ltd.; MUFG Bank, Ltd.; Sumitomo Mitsui Banking Corporation; The Bank of Nova Scotia; Danske Bank A/S; Goldman Sachs Bank USA; HSBC Bank USA, National Association; PNC Bank, N.A.; Wells Fargo Bank, N.A.; Barclays Bank PLC; Branch Banking and Trust Company; Santander Bank, N.A.; Standard Chartered Bank; and U.S. Bank National Association. On September 9, 2021, financial close was reached on a deal in which a syndicate of 21 banks — including Bank of China — entered into a 2.9 billion USD syndicated loan agreement with Arrow Electronics, Inc. The loan included a 2.0 billion USD tranche, a 600 million USD euro-equivalent tranche, a 267 million USD pound-equivalent tranche, a 100 million USD Hong Kong dollar-equivalent tranche, and a Swedish krona tranche excluded from tracking. The maturity is 5 years and the interest rate is LIBOR plus an applicable margin. The proceeds were used by the borrower for general corporate and working capital purposes. While Bank of China contributed to this loan — including a 50,000,000 USD in the USD tranche (Record ID#108503), Euros tranche (Record ID#108504), and GBP tranche (Record ID#108505), and a HongKong Tranche (Record ID#108510) and also contributed to the Hong Kong Dollar tranche — the following lenders also participated: JPMorgan Chase Bank, N.A.; Bank of America, N.A.; BNP Paribas; ING Bank N.V.; Mizuho Bank, Ltd.; MUFG Bank, Ltd.; Sumitomo Mitsui Banking Corporation; The Bank of Nova Scotia; Goldman Sachs Bank USA; HSBC Bank USA, National Association; PNC Bank, N.A.; Truist Bank; Wells Fargo Bank, N.A.; U.S. Bank National Association; Danske Bank A/S; Banco Santander, S.A., New York Branch; and Santander Chartered Bank.