ICBC contributes to $2.25 billion USD syndicated revolving credit facility to Voya Financial for general corporate and working capital purposes in 2016

Project narrative

On May 6, 2016, financial close was reached on a deal in which a syndicate of 25 banks — including ICBC — entered into a $2.25 billion USD syndicated loan agreement with Voya Financial, Inc., a U.S.-based financial services company that provides retirement, investment, and insurance services. The loan consisted of a revolving credit facility with a maturity of 5 years, and the interest rate was LIBOR plus an applicable margin. The proceeds were used by the borrower for general corporate and working capital purposes. While ICBC contributed to this loan, the following lenders also participated: Bank of America, N.A., Citibank, N.A., JPMorgan Chase Bank, N.A., ING Bank N.V. (London Branch), Mizuho Bank Ltd., SunTrust Bank, The Bank of Tokyo-Mitsubishi UFJ, Ltd., U.S. Bank National Association, Barclays Bank PLC, BMO Harris Bank N.A., BNP Paribas, Deutsche Bank AG (New York Branch), Royal Bank of Canada, Wells Fargo Bank, N.A., Credit Suisse AG (New York Branch), Goldman Sachs Bank USA, Morgan Stanley Bank, N.A., National Australia Bank, The Bank of Nova Scotia, UniCredit Bank AG, Commerzbank AG (New York Branch), PNC Bank, National Association, State Street Bank & Trust Company, and The Northern Trust Company. There are two amendments in 2017 and 2018 that altered certain definitions of the loan contract.