ICBC (Sydney Branch) contributes to AUD 340 million syndicated lending facility to Puma International Financing and Puma Energy (Australia) for debt refinancing, general corporate, and working capital purposes in 2015 (Linked to Record ID#98946, #98945 and #109779)

Project narrative

On July 31, 2015, a group of banks -- including two Bank of China branches and two ICBC branches -- entered into an agreement with Puma International Financing S.A., the Luxembourgish indirect wholly-owned subsidiary of Singaporean Puma Energy Holdings Pte. Ltd. and Puma Energy (Australia) Pty Ltd. on a dual-tranche AUD 300 million syndicated lending facility. The facility contains two tranches: An AUD 235 million term loan facility, available only to Puma International Financing. Also referred to as "Australian Facility A". Under an accordion feature that can add up to AUD 150 million to the total facility, an additional AUD 40 million was raised under this tranche on September 14, 2015, bringing its aggregate value to AUD 275 million; and an AUD 65 million revolving credit facility, available to both borrowers. Also referred to as "Australian Facility B". Both tranches mature three years following the first drawdown and carry interest rates of the Australian Bank Bill Swap Reference Rate (BBSY) plus 235 basis points. The facility is guaranteed by Puma Energy Holdings Pte. Ltd., the parent company of both subsidiaries. Proceeds from the facility are to be used first to refinance existing debt held by the borrowers, then for the company's general corporate and working capital purposes. Serving as mandated lead arrangers and original lenders are ANZ Group, Bank of China (Luxembourg and Sydney branches), and ICBC (London and Sydney branches). While ICBC (London Branch) contributed to this loan (Record ID#98946); ICBC (Sydney Branch) contributed (Record ID#109780); Bank of China (Luxembourg) contributed (Record ID#98945), and Bank of China (Sydney Branch) contributed (Record ID#109779), ANZ group also contributed.