Bank of China contributes to $4.75 billion USD syndicated revolving credit facility to Hewlett-Packard Enterprise for general corporate purposes in 2021 (Linked to Record ID#110478)

Project narrative

On August 16, 2019, financial close was reached on a deal in which a syndicate of 22 banks — including Bank of China — entered into a $4.75 billion USD senior, unsecured revolving credit facility agreement with Hewlett Packard Enterprise (HPE), an American multinational information technology company headquartered in Spring, Texas, that provides servers, storage, networking, software, and cloud services. 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 to this loan (Record ID#110478), the following lenders also participated: JPMorgan Chase Bank, N.A. (individually and as Administrative Processing Agent and Co-Administrative Agent), Citibank, N.A. (Co-Administrative Agent), Bank of America, N.A., BNP Paribas, HSBC Bank USA, National Association, Wells Fargo Bank, National Association, Banco Santander, S.A., New York Branch, Deutsche Bank AG New York Branch, Mizuho Bank, Ltd., MUFG Bank, Ltd., RBS Financial Products Inc., Barclays Bank PLC, Goldman Sachs Bank USA, ING Bank N.V., Dublin Branch, Société Générale, The Toronto-Dominion Bank, New York Branch, U.S. Bank National Association, Australia and New Zealand Banking Group Limited, Crédit Agricole Corporate and Investment Bank, Credit Suisse AG, Cayman Islands Branch, and Standard Chartered Bank. On December 10, 2021, financial close was reached on a deal in which a syndicate of 21 banks — including Bank of China — entered into a $4.75 billion USD senior, unsecured revolving credit facility agreement with HPE. This loan replaced the 2019 facility, carried the same five-year maturity, and had an interest rate of LIBOR plus an applicable margin. The proceeds were used for general corporate purposes. While Bank of China contributed to this loan (Record ID#110479), the following lenders also participated: JPMorgan Chase Bank, N.A. (individually and as Administrative Processing Agent and Co-Administrative Agent), Citibank, N.A. (Co-Administrative Agent), Bank of America, N.A., BNP Paribas, HSBC Bank USA, National Association, Wells Fargo Bank, N.A., Banco Santander, S.A., New York Branch, Deutsche Bank AG New York Branch, Mizuho Bank, Ltd., MUFG Bank, Ltd., NatWest Markets Plc, The Toronto-Dominion Bank, New York Branch, Barclays Bank PLC, Goldman Sachs Bank USA, ING Bank N.V., Dublin Branch, Société Générale, U.S. Bank National Association, Australia and New Zealand Banking Group Limited, Crédit Agricole Corporate and Investment Bank, and Standard Chartered Bank.