Bank of China contributes to $1 billion USD syndicated revolving credit facility to Zoetis Inc for general corporate purposes in 2022 (Linked to Record ID#110413 and 110412)

Project narrative

On December 21, 2016, financial close was reached on a deal in which a syndicate of 13 banks — including Bank of China — entered into a $1,000 million USD syndicated revolving credit facility agreement with Zoetis Inc., a U.S.-based animal health company headquartered in Parsippany, New Jersey, engaged in the discovery, development, manufacture, and commercialization of veterinary vaccines and medicines for livestock and companion animals. The maturity of the loan is five years; the interest rate is LIBOR plus an applicable margin (margin not disclosed). The proceeds were used by the borrower for general corporate purposes. Bank of China contributed to this loan (Record ID#110412). While Bank of China contributed to this loan, the following lenders also participated: JPMorgan Chase Bank, N.A., Bank of America, N.A., Barclays Bank PLC, Citibank, N.A., The Bank of Tokyo-Mitsubishi UFJ, Ltd., BNP Paribas, Coöperatieve Rabobank U.A., New York Branch, Goldman Sachs Bank USA, HSBC Bank USA, National Association, Standard Chartered Bank, TD Bank, N.A., and Wells Fargo Bank, National Association. On December 21, 2018, the parties agreed to extend the maturity of the loan by one year to December 21, 2023. Bank of China’s contribution is recorded in Record ID#110413. On December 21, 2022, financial close was reached on a deal in which a syndicate of 13 banks — including Bank of China — entered into a new five-year $1,000 million USD syndicated revolving credit facility agreement with Zoetis Inc. for general corporate purposes. While Bank of China contributed to this loan (Record ID#110414), the following lenders also participated: JPMorgan Chase Bank, N.A., Bank of America, N.A., Citibank, N.A., Barclays Bank PLC, MUFG Bank, Ltd., Banco Bilbao Vizcaya Argentaria S.A., BNP Paribas, Coöperatieve Rabobank U.A., New York Branch, Goldman Sachs Bank USA, HSBC Bank USA, National Association, Standard Chartered Bank, and TD Bank, N.A.