Bank of China contributes to $4 billion USD syndicated revolving credit facility to Hewlett-Packard for general corporate purposes in 2018 (Record ID#110475 and #110477)

Project narrative

On November 1, 2015, financial close was reached on a deal in which a syndicate of 24 banks — including Bank of China — entered into a $4 billion USD senior, unsecured revolving credit facility agreement with HP Inc., an American multinational information technology company headquartered in Palo Alto, California, specializing in personal computers, printers, and related services. The interest rate was LIBOR plus an applicable margin. The proceeds were used for general corporate purposes. While Bank of China contributed $80 million USD to this loan (Record ID#110475), the following lenders also participated: Citibank, N.A. ($332,444,444.45), JPMorgan Chase Bank, N.A. ($332,444,444.44), BNP Paribas ($332,444,444.44), HSBC Bank USA, National Association ($332,444,444.44), Mizuho Bank, Ltd. ($332,444,444.44), Deutsche Bank AG New York Branch ($257,777,777.78), Wells Fargo Bank, National Association ($257,777,777.78), Bank of America, N.A. ($257,777,777.78), Barclays Bank PLC ($168,888,888.89), Santander Bank, N.A. ($168,888,888.89), Société Générale ($168,888,888.89), The Bank of Tokyo-Mitsubishi UFJ, Ltd. ($140,000,000.00), Morgan Stanley Bank, N.A. ($117,777,777.78), Australia and New Zealand Banking Group Limited ($80,000,000.00), The Bank of New York Mellon ($80,000,000.00), Credit Agricole Corporate & Investment Bank ($80,000,000.00), Credit Suisse AG, Cayman Islands Branch ($80,000,000.00), Goldman Sachs Bank USA ($80,000,000.00), ING Bank N.V., Dublin Branch ($80,000,000.00), Royal Bank of Canada ($80,000,000.00), Standard Chartered Bank ($80,000,000.00), and U.S. Bank National Association ($80,000,000.00). On March 30, 2018, financial close was reached on a deal in which a syndicate of 18 banks — including Bank of China — entered into a $4 billion USD senior, unsecured revolving credit facility agreement with HP Inc. The interest rate was LIBOR plus an applicable margin. The proceeds were used for general corporate purposes. While Bank of China contributed to this loan (Record ID#110476), the following lenders also participated: Citibank, N.A. (individually and as Administrative Processing Agent and Co-Administrative Agent), Citibank Europe PLC UK Branch (Multicurrency Swingline Agent), JPMorgan Chase Bank, N.A. (Co-Administrative Agent), Bank of America, N.A., BNP Paribas, HSBC Bank USA, National Association, HSBC Securities (USA) Inc., Mizuho Bank Ltd., The Bank of Tokyo-Mitsubishi UFJ, Ltd., Morgan Stanley Bank, N.A., Wells Fargo Bank, National Association, Banco Santander, S.A., New York Branch, Barclays Bank PLC, U.S. Bank National Association, Credit Agricole Corporate and Investment Bank, Credit Suisse AG, Cayman Islands Branch, Goldman Sachs Bank USA, ING Bank N.V., Dublin Branch, and Standard Chartered Bank. On May 26, 2021, financial close was reached on a deal in which a syndicate of 17 banks — including Bank of China — entered into a $5 billion USD senior, unsecured revolving credit facility agreement with HP Inc. The loan has a five-year maturity, and the interest rate was LIBOR plus an applicable margin. The proceeds were used for general corporate purposes. While Bank of China contributed $100 million USD to this loan (Record ID#110477), the following lenders also participated: JPMorgan Chase Bank, N.A. ($500,000,000), BNP Paribas ($500,000,000), Bank of America, N.A. ($500,000,000), Goldman Sachs Bank USA ($500,000,000), HSBC Bank USA, N.A. ($500,000,000), Wells Fargo Bank, National Association ($500,000,000), Citibank, N.A. ($290,000,000), Morgan Stanley Bank, N.A. ($145,000,000), MUFG Bank, Ltd. ($145,000,000), Banco Santander, S.A., New York Branch ($290,000,000), U.S. Bank National Association ($290,000,000), Standard Chartered Bank ($180,000,000), Société Générale ($180,000,000), ING Bank N.V., Dublin Branch ($180,000,000), Credit Agricole Corporate and Investment Bank ($100,000,000), and Credit Suisse AG, New York Branch ($100,000,000).