Bank of China provides $32.5 million USD to $600 million USD syndicated revolving credit facility to American Axle & Manufacturing for unknown purposes in 2005

Project narrative

On April 12, 2005, financial close was reached on a deal in which a syndicate of 20 banks — including Bank of China, New York Branch and Bank of China, Los Angeles Branch — entered into a $600,000,000 USD syndicated loan agreement with American Axle & Manufacturing, Inc., a U.S.-based manufacturer of driveline and drivetrain systems and related components for the automotive industry — for an unknown project. The maturity of the loan is 5 years, and the interest rate is LIBOR plus an applicable margin. The use of proceeds is unknown. Bank of China, New York Branch contributed $18,750,000 USD to this loan, and Bank of China, Los Angeles Branch contributed $13,750,000 USD to this loan While Bank of China contributed a total of $32,500,000 USD to this loan, the following lenders also participated: JPMorgan Chase Bank, N.A. ($60,000,000 USD), Bank of America, N.A. ($60,000,000 USD), Wachovia Bank, National Association ($50,000,000 USD), Standard Federal Bank, N.A. ($42,500,000 USD), SunTrust Bank ($35,000,000 USD), Key Bank, National Association ($35,000,000 USD), Calyon New York Branch ($35,000,000 USD), BNP Paribas ($35,000,000 USD), Mizuho Corporate Bank, Ltd. ($35,000,000 USD), Merrill Lynch Bank USA ($25,000,000 USD), Sumitomo Mitsui Banking Corp., New York ($25,000,000 USD), US Bank, National Association ($25,000,000 USD), HSBC Bank USA, NA ($25,000,000 USD), The Bank of Tokyo-Mitsubishi, Ltd., Chicago Branch ($17,500,000 USD), The Bank of New York ($17,500,000 USD), Comerica Bank ($17,500,000 USD), National City Bank of the Midwest ($17,500,000 USD), and The Bank of Nova Scotia ($10,000,000 USD).