BOC contributes to $2.465 billion USD 364-day syndicated revolving credit facility to the Boeing Company for general corporate and debt refinancing purposes in 2015 (Linked to Record ID#110326)

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 is 1 year, and the interest rate is 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), Bank of China also contributed an estimated $41.8 million USD to the one year loan (Record ID#110283). 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. On October 9, 2014, the company and the banks signed amendment 1 on the one year loan agreement where they extended the maturity of the loan by one year. Now the one-year maturity is due on November 05, 2015, implying that the parties had exercised the option to automatically extend the maturity already. ICBC's contribution to the one-year maturity extension is recorded in Record ID#110324 and BOC's contribution to the one-year maturity extension is recorded in Record ID#110325. On November 4, 2015, financial close was reached on a deal in which a syndicate of 36 banks — including ICBC and Bank of China — entered into a $2,465,000,000 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 general corporate purposes and debt refinancing. The maturity of the loan is 364 days, and the interest rate is LIBOR plus an applicable margin. The proceeds were used by the borrower for general corporate purposes and refinancing existing debt. While ICBC contributed to this loan (Record ID#110326), Bank of China also contributed (Record ID#110327). The following lenders also participated: Citibank, N.A.; JPMorgan Chase Bank, N.A.; Bank of America, N.A.; Mizuho Bank, Ltd.; Wells Fargo Bank, N.A.; Barclays Bank PLC; BNP Paribas; The Bank of Tokyo-Mitsubishi UFJ, Ltd.; Deutsche Bank AG, New York Branch; Royal Bank of Canada; Sumitomo Mitsui Banking Corporation; Santander Bank, N.A.; Goldman Sachs Bank USA; Morgan Stanley Bank, N.A.; Credit Agricole Corporate and Investment Bank; DBS Bank Ltd.; Société Générale; U.S. Bank National Association; NBAD Americas N.V.; Bayerische Landesbank, New York Branch; Banco Bilbao Vizcaya Argentaria S.A., New York Branch; Lloyds Bank PLC; The Northern Trust Company; Australia and New Zealand Banking Group Limited; The Bank of New York Mellon; Commerzbank AG, New York and Grand Cayman Branches; ICICI Bank Limited, New York Branch; Intesa Sanpaolo S.p.A., New York Branch; Arab Banking Corporation (B.S.C.); Standard Chartered Bank; State Bank of India, New York Branch; Westpac Banking Corporation; Riyad Bank, Houston Agency; and State Street Bank and Trust Company. On November 2, 2016, financial close was reached on a deal in which a syndicate of 36 banks — including ICBC and Bank of China — entered into a $2,480,000,000 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 general corporate purposes and debt refinancing. The maturity of the loan is 364 days, and the interest rate is LIBOR plus an applicable margin. The proceeds were used by the borrower for general corporate purposes and debt refinancing. While ICBC contributed to this loan (Record ID#110328), Bank of China also contributed (Record ID#110329). The following lenders also participated: Citibank, N.A.; JPMorgan Chase Bank, N.A.; Bank of America, N.A.; Mizuho Bank, Ltd.; Wells Fargo Bank, N.A.; Barclays Bank PLC; BNP Paribas; Deutsche Bank AG, New York Branch; The Bank of Tokyo-Mitsubishi UFJ, Ltd.; Royal Bank of Canada; Sumitomo Mitsui Banking Corporation; Banco Santander, S.A.; Goldman Sachs Bank USA; Credit Agricole Corporate and Investment Bank; DBS Bank Ltd.; Société Générale; U.S. Bank National Association; Banco Bilbao Vizcaya Argentaria S.A., New York Branch; Bayerische Landesbank, New York Branch; Commerzbank AG, New York Cayman Branch; Lloyds Bank PLC; Morgan Stanley Bank, N.A.; NBAD Americas N.V.; The Northern Trust Company; Arab Banking Corporation (B.S.C.); Australia and New Zealand Banking Group Limited; ICICI Bank Limited, New York Branch; Intesa Sanpaolo S.p.A.; Standard Chartered Bank; State Bank of India, New York Branch; The Bank of New York Mellon; Westpac Banking Corporation; Riyad Bank, Houston Agency; and State Street Bank and Trust Company. On November 1, 2017, financial close was reached on a deal in which a syndicate of 35 banks — including ICBC and Bank of China — entered into a $2,500,000,000 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 general corporate purposes and debt refinancing. The maturity of the loan is 364 days, and the interest rate is LIBOR plus an applicable margin. The proceeds were used by the borrower for general corporate purposes and debt refinancing. While ICBC contributed to this loan (Record ID#110330), Bank of China also contributed(Record ID#110331). The following lenders also participated: Citibank, N.A.; JPMorgan Chase Bank, N.A.; Bank of America, N.A.; Mizuho Bank, Ltd.; Wells Fargo Bank, N.A.; Barclays Bank PLC; BNP Paribas; Deutsche Bank AG, New York Branch; Royal Bank of Canada; Sumitomo Mitsui Banking Corporation; The Bank of Tokyo-Mitsubishi UFJ, Ltd.; Banco Santander, S.A.; Commerzbank AG, New York Cayman Branch; Goldman Sachs Bank USA; Credit Agricole Corporate and Investment Bank; DBS Bank Ltd.; Société Générale; The Northern Trust Company; U.S. Bank National Association; Banco Bilbao Vizcaya Argentaria S.A., New York Branch; Bayerische Landesbank, New York Branch; Lloyds Bank PLC; Morgan Stanley Bank, N.A.; NBAD Americas N.V.; Arab Banking Corporation (B.S.C.); Australia and New Zealand Banking Group Limited; ICICI Bank Limited, New York Branch; Standard Chartered Bank; State Bank of India, New York Branch; The Bank of New York Mellon; Westpac Banking Corporation; Riyad Bank, Houston Agency; and State Street Bank and Trust Company. On October 31, 2018, financial close was reached on a deal in which a syndicate of 36 banks — including ICBC and Bank of China — entered into a $2,610,000,000 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 general corporate purposes and debt refinancing. The maturity of the loan is 364 days, and the interest rate is LIBOR plus an applicable margin. The proceeds were used by the borrower for general corporate purposes and debt refinancing. While ICBC contributed $50,000,000 USD to this loan (Record ID#110332), Bank of China also contributed $50,000,000 USD (Record ID#110333). The following lenders also participated: Citibank, N.A. ($225,000,000); JPMorgan Chase Bank, N.A. ($225,000,000); Bank of America, N.A. ($125,000,000); Mizuho Bank, Ltd. ($125,000,000); Wells Fargo Bank, National Association ($125,000,000); Barclays Bank PLC ($90,000,000); BNP Paribas ($90,000,000); Credit Suisse AG, Cayman Islands Branch ($90,000,000); Deutsche Bank AG, New York Branch ($90,000,000); MUFG Bank, Ltd. ($90,000,000); Royal Bank of Canada ($90,000,000); Sumitomo Mitsui Banking Corporation ($90,000,000); Santander Bank, N.A. ($75,000,000); Commerzbank AG, New York Branch ($65,000,000); Goldman Sachs Bank USA ($65,000,000); Credit Agricole Corporate and Investment Bank ($60,000,000); DBS Bank Ltd. ($60,000,000); Societe Generale ($60,000,000); The Northern Trust Company ($60,000,000); U.S. Bank National Association ($60,000,000); Banco Bilbao Vizcaya Argentaria, S.A., New York Branch ($50,000,000); Bayerische Landesbank, New York Branch ($50,000,000); First Abu Dhabi Bank USA N.V. ($50,000,000); Lloyds Bank Corporate Markets, plc ($50,000,000); Morgan Stanley Bank, N.A. ($50,000,000); State Bank of India, New York Branch ($50,000,000); SunTrust Bank ($50,000,000); Australia and New Zealand Banking Group Limited ($30,000,000); ICICI Bank Limited, New York Branch ($30,000,000); Intesa Sanpaolo S.p.A., New York Branch ($30,000,000); Standard Chartered Bank ($30,000,000); Westpac Banking Corporation ($30,000,000); Riyad Bank, Houston Agency ($25,000,000); and State Street Bank and Trust Company ($25,000,000). On October 30, 2019, financial close was reached on a deal in which a syndicate of 36 banks — including ICBC and Bank of China — entered into a $3,200,000,000 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 general corporate purposes and debt refinancing. The maturity of the loan is 364 days, and the interest rate is LIBOR plus an applicable margin. The proceeds were used by the borrower for general corporate purposes and debt refinancing. While ICBC contributed $50,000,000 USD to this loan (Record ID#110334), Bank of China also contributed $50,000,000 USD (Record ID#110335). The following lenders also participated: Citibank, N.A. ($218,333,333.35); JPMorgan Chase Bank, N.A. ($218,333,333.35); Bank of America, N.A. ($166,666,666.66); Deutsche Bank AG, New York Branch ($166,666,666.66); Mizuho Bank, Ltd. ($166,666,666.66); Sumitomo Mitsui Banking Corporation ($166,666,666.66); Wells Fargo Bank, National Association ($166,666,666.66); Banco Bilbao Vizcaya Argentaria, S.A., New York Branch ($116,666,666.66); BNP Paribas ($116,666,666.66); Commerzbank AG, New York Branch ($116,666,666.66); MUFG Bank, Ltd. ($116,666,666.66); Royal Bank of Canada ($116,666,666.66); Societe Generale ($116,666,666.66); Santander Bank, N.A. ($100,000,000.00); Barclays Bank PLC ($83,333,333.34); Credit Agricole Corporate and Investment Bank ($83,333,333.34); Credit Suisse AG, Cayman Islands Branch ($83,333,333.34); Goldman Sachs Bank USA ($83,333,333.34); Morgan Stanley Bank, N.A. ($83,333,333.34); DBS Bank Ltd. ($66,666,666.66); U.S. Bank National Association ($66,666,666.66); Australia and New Zealand Banking Group Limited ($50,000,000.00); Lloyds Bank Corporate Markets, plc ($50,000,000.00); Standard Chartered Bank ($50,000,000.00); State Bank of India, New York Branch ($50,000,000.00); SunTrust Bank ($50,000,000.00); Westpac Banking Corporation ($50,000,000.00); The Northern Trust Company ($40,000,000.00); First Abu Dhabi Bank USA N.V. ($33,333,333.34); Riyad Bank, Houston Agency ($33,333,333.34); State Street Bank and Trust Company ($33,333,333.34); ICICI Bank Limited, New York Branch ($20,000,000.00); and Intesa Sanpaolo S.p.A., New York Branch ($20,000,000.00). On October 26, 2020, the parties entered another 364-day loan agreement. There’s no Chinese bank involvement. Similarly, on October 25, 2021, there’s another 364-day loan agreement but there’s no Chinese bank involvement. On August 25, 2022, financial close was reached on a deal in which a syndicate of 36 banks — including ICBC and Bank of China — entered into a $5,800,000,000 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 general corporate purposes and debt refinancing. The maturity of the loan is 364 days, and the interest rate is SOFR plus an applicable margin. The proceeds were used by the borrower for general corporate purposes and debt refinancing. While ICBC contributed $56,022,727.27 USD to this loan (Record ID#110336), Bank of China also contributed $26,363,636.36 USD (Record ID#110337). The following lenders also participated: Citibank, N.A. ($440,767,045.48); JPMorgan Chase Bank, N.A. ($440,767,045.48); Bank of America, N.A. ($382,272,727.27); Wells Fargo Bank, National Association ($382,272,727.27); BNP Paribas ($319,659,090.91); Deutsche Bank AG, New York Branch ($319,659,090.91); Mizuho Bank, Ltd. ($319,659,090.91); Sumitomo Mitsui Banking Corporation ($319,659,090.91); Royal Bank of Canada ($296,590,909.09); Credit Agricole Corporate and Investment Bank ($263,636,363.64); Barclays Bank PLC ($237,272,727.27); MUFG Bank, Ltd. ($217,500,000.00); Societe Generale ($217,500,000.00); Banco Santander, S.A. ($181,250,000.00); Credit Suisse AG, New York Branch ($181,250,000.00); Goldman Sachs Bank USA ($181,250,000.00); Morgan Stanley Bank, N.A. ($97,916,666.67); Morgan Stanley Senior Funding, Inc. ($83,333,333.33); DBS Bank Ltd. ($128,522,727.27); Banco Bilbao Vizcaya Argentaria, S.A., New York Branch ($121,931,818.18); Commerzbank AG, New York Branch ($121,931,818.18); Standard Chartered Bank ($82,386,363.64); U.S. Bank National Association ($56,022,727.27); The Northern Trust Company ($56,022,727.27); Australia and New Zealand Banking Group Limited ($56,022,727.27); Lloyds Bank Corporate Markets, plc ($56,022,727.27); State Bank of India, New York Branch ($56,022,727.27); Westpac Banking Corporation ($56,022,727.27); First Abu Dhabi Bank USA N.V. ($36,250,000.00); Riyad Bank, Houston Agency ($36,250,000.00). On August 24, 2023, financial close was reached on two separate syndicated revolving credit facility agreements between Boeing Company — a United States–based aerospace manufacturer and defense contractor — and syndicates of 29 banks, both including Bank of China, for general corporate purposes and debt refinancing. The first facility was an $800 million USD 364-day revolving credit facility with a maturity of one year. While Bank of China contributed $7,631,578.96 USD to this loan (Record ID#110297), the following lenders also participated: Citibank N.A. ($52,880,861.24), JPMorgan Chase Bank N.A. ($52,880,861.24), Bank of America N.A. ($49,473,684.21), Wells Fargo Bank N.A. ($49,473,684.21), BNP Paribas ($48,000,000.00), Deutsche Bank AG New York Branch ($37,473,684.21), Mizuho Bank Ltd. ($37,473,684.21), Sumitomo Mitsui Banking Corporation ($37,473,684.21), Royal Bank of Canada ($50,511,961.72), Crédit Agricole Corporate and Investment Bank ($38,947,368.42), Barclays Bank PLC ($38,947,368.42), MUFG Bank Ltd. ($30,526,315.79), Société Générale ($30,526,315.79), Banco Santander S.A. New York Branch ($25,263,157.89), Goldman Sachs Bank USA ($25,263,157.89), Morgan Stanley Bank N.A. ($25,263,157.89), DBS Bank Ltd. ($27,073,684.21), Commerzbank AG New York Branch ($25,684,210.53), Standard Chartered Bank ($17,326,315.79), U.S. Bank National Association ($15,600,000.00), The Northern Trust Company ($13,873,684.21), Australia and New Zealand Banking Group Limited ($11,789,473.68), Lloyds Bank Corporate Markets PLC ($11,789,473.68), State Bank of India New York Branch ($11,800,000.00), Westpac Banking Corporation ($11,789,473.68), First Abu Dhabi Bank USA N.V. ($7,631,578.96), and Riyad Bank Houston Agency ($7,631,578.96).