ICBC contributes to $41.8 million USD to $2.3 billion USD 364-day syndicated revolving credit facility to the Boeing Company for general corporate and debt financing purposes in 2011 (Linked to Record ID#110282, #110283 and #110284)

Project narrative

On November 12, 2010, financial close was reached on a deal in which a syndicate of 37 banks — including ICBC and Bank of China — entered into a $2,376,000,000 USD syndicated loan agreement with The Boeing Company, a U.S.-based multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, and telecommunications equipment — for refinancing and general corporate purposes. The maturity of the loan was 1 year, and the interest rate was LIBOR plus an applicable margin. The proceeds were used by the borrower to refinance a loan from November 2009 and for general corporate purposes. While ICBC contributed an estimated $40.7 million USD to this loan (Record ID#110279), Bank of China also contributed an estimated $40.7 million USD (Record ID#110280). The following lenders also participated: Barclays Bank PLC; Credit Suisse AG, Cayman Islands Branch; Bank of America, N.A.; Banco Santander, S.A., New York Branch; BNP Paribas; Deutsche Bank AG, New York Branch; Mizuho Corporate Bank, Ltd.; Sumitomo Mitsui Banking Corporation; The Bank of Tokyo-Mitsubishi UFJ, Ltd.; The Royal Bank of Scotland PLC; Wells Fargo Bank, N.A.; Royal Bank of Canada; Abu Dhabi International Bank Inc.; Commerzbank AG, New York and Grand Cayman Branches; UBS Loan Finance LLC; Banco Bilbao Vizcaya Argentaria S.A., New York Branch; Bayerische Landesbank, New York Branch; Credit Agricole Corporate & Investment Bank; DBS Bank Ltd., Los Angeles Agency; Goldman Sachs Bank USA; Morgan Stanley Bank, N.A.; Intesa Sanpaolo S.p.A.; Société Générale; U.S. Bank National Association; Westpac Banking Corporation; The Bank of New York Mellon; Australia and New Zealand Banking Group Limited; ICICI Bank Ltd; Lloyds TSB Bank PLC; Riyad Bank, Houston Agency; Standard Chartered Bank; State Street Bank and Trust Company; and The Northern Trust Company. On November 10, 2011, financial close was reached on a deal in which a syndicate of 35 banks — including ICBC and Bank of China — entered into a $4,600,000,000 USD syndicated loan agreement with The Boeing Company for refinancing and general corporate purposes. The facility was split into two tranches: a one-year $2,300,000,000 USD tranche at a base rate of LIBOR + 82.500 bps, which replaced the loan secured in November 2010, and a five-year $2,300,000,000 USD tranche at a base rate of LIBOR + 79.500 bps. The proceeds were used by the borrower for refinancing bank debt and general corporate purposes. While ICBC contributed an estimated $41.8 million USD to the one year loan (Record ID#110281) and $41.8 million USD for the five year loan (Record ID#110282), Bank of China also contributed an estimated $41.8 million USD to the one year loan (Record ID#110283) and $41.8 million USD for the five year loan (Record ID#110284). The following lenders also participated: Barclays Bank PLC; BNP Paribas; Credit Suisse AG, Cayman Islands Branch; Deutsche Bank AG, New York Branch; Mizuho Corporate Bank, Ltd.; Sumitomo Mitsui Banking Corporation; The Bank of Tokyo-Mitsubishi UFJ, Ltd.; Goldman Sachs Bank USA; Morgan Stanley Bank, N.A.; Credit Agricole Corporate and Investment Bank; Royal Bank of Canada; UBS Loan Finance LLC; U.S. Bank National Association; Bayerische Landesbank, New York Branch; Lloyds TSB Bank PLC; Sovereign Bank; Banco Bilbao Vizcaya Argentaria S.A., New York Branch; State Street Bank and Trust Company; The Northern Trust Company; Abu Dhabi International Bank; Australia and New Zealand Banking Group Limited; Commerzbank AG, New York and Grand Cayman Branches; DBS Bank Ltd., Los Angeles Agency; Standard Chartered Bank; The Bank of New York Mellon; Westpac Banking Corporation; Intesa Sanpaolo S.p.A.; and Riyad Bank, Houston Agency.