Bank of China contributes $56 million USD to $4 billion USD syndicated revolving credit facility to Honeywell International for general corporate purposes in 2019 (Linked to Record ID#110536)

Project narrative

On December 10, 2013, financial close was reached on a deal in which a syndicate of 33 banks — including Bank of China and ICBC — entered into a $4 billion USD syndicated revolving credit facility with Honeywell International Inc., a US-based multinational conglomerate primarily engaged in aerospace, building technologies, performance materials, and safety and productivity solutions. The maturity of the loan is 5 years, and the interest rate is LIBOR plus an applicable margin. The proceeds were used by the borrower for general corporate purposes. While Bank of China (Record ID#110525) and ICBC (Record ID#110526) each contributed $60 million USD to this loan, the following lenders also participated:
Australia and New Zealand Banking Group Limited ($120 million USD); Banco Bilbao Vizcaya Argentaria S.A., New York Branch ($120 million USD); Bank of America, N.A. ($346.67 million USD); The Bank of New York Mellon ($120 million USD); The Bank of Nova Scotia ($60 million USD); The Bank of Tokyo-Mitsubishi UFJ, Ltd. ($108 million USD); Barclays Bank PLC ($180 million USD); BNP Paribas ($120 million USD); Citibank, N.A. ($496.67 million USD); Commonwealth Bank of Australia ($60 million USD); Credit Agricole Corporate & Investment Bank ($60 million USD); Danske Bank A/S ($60 million USD); DBS Bank Ltd., Los Angeles Agency ($60 million USD); Deutsche Bank AG New York Branch ($180 million USD); Goldman Sachs Bank USA ($180 million USD); HSBC Bank USA, National Association ($120 million USD); Intesa Sanpaolo S.p.A., New York Branch ($120 million USD); JPMorgan Chase Bank, N.A. ($496.67 million USD); Lloyds Bank plc ($60 million USD); Mizuho Bank, Ltd. ($120 million USD); Morgan Stanley Bank, N.A. ($72 million USD); The Northern Trust Company ($120 million USD); Royal Bank of Canada ($120 million USD); The Royal Bank of Scotland plc ($180 million USD); Societe Generale ($120 million USD); Santander Bank N.A. ($60 million USD); Standard Chartered Bank ($120 million USD); Sumitomo Mitsui Banking Corporation ($120 million USD); Toronto Dominion (Texas) LLC ($120 million USD); U.S. Bank National Association ($120 million USD); and Unicredit Bank AG, New York Branch ($60 million USD). On July 10, 2015, financial close was reached on a deal in which a syndicate of 35 banks — including Bank of China and ICBC — entered into a $4 billion USD syndicated revolving credit facility with Honeywell International Inc., a US-based multinational conglomerate primarily engaged in aerospace, building technologies, performance materials, and safety and productivity solutions. This facility replaced an earlier 2013 credit agreement. The maturity of the loan is 5 years, and the interest rate is LIBOR plus an applicable margin. The proceeds were used by the borrower for general corporate purposes. While Bank of China (Record ID#110527) contributed $60 million USD and ICBC (Record ID#110528) contributed $120 million USD respectively to this loan, the following lenders also participated: Citibank, N.A. ($580 million USD); JPMorgan Chase Bank, N.A. ($580 million USD); Bank of America, N.A. ($190 million USD); Barclays Bank PLC ($190 million USD); Deutsche Bank AG New York Branch ($190 million USD); Goldman Sachs Bank USA ($190 million USD); The Bank of Tokyo-Mitsubishi UFJ, Ltd. ($114 million USD); Morgan Stanley Bank, N.A. ($76 million USD); Wells Fargo Bank, National Association ($190 million USD); Banco Bilbao Vizcaya Argentaria S.A., New York Branch ($120 million USD); BNP Paribas ($120 million USD); HSBC Bank USA, National Association ($120 million USD); Intesa Sanpaolo S.p.A., New York Branch ($120 million USD); Mizuho Bank, Ltd. ($120 million USD); Royal Bank of Canada ($120 million USD); Societe Generale ($120 million USD); Standard Chartered Bank ($120 million USD); Sumitomo Mitsui Banking Corporation ($120 million USD); The Northern Trust Company ($120 million USD); The Royal Bank of Scotland plc ($120 million USD); Toronto Dominion (Texas) LLC ($120 million USD); U.S. Bank National Association ($120 million USD); Australia and New Zealand Banking Group Limited ($60 million USD); Bayerische Landesbank, New York Branch ($60 million USD); Credit Agricole Corporate & Investment Bank ($60 million USD); Danske Bank A/S ($60 million USD); DBS Bank Ltd. ($60 million USD); Lloyds Bank plc ($60 million USD); Santander Bank N.A. ($60 million USD); The Bank of New York Mellon ($60 million USD); The Bank of Nova Scotia ($60 million USD); Unicredit Bank AG, New York Branch and Westpac Banking Corporation (combined $60 million USD). On April 27, 2018, financial close was reached on a deal in which a syndicate of 35 banks — including Bank of China and ICBC — entered into a $4 billion USD syndicated revolving credit facility with Honeywell International Inc., a US-based multinational conglomerate primarily engaged in aerospace, building technologies, performance materials, and safety and productivity solutions. This facility replaced a previous 2015 credit agreement. The maturity of the loan is 5 years, and the interest rate is LIBOR plus an applicable margin. The proceeds were used by the borrower for general corporate purposes. While Bank of China (Record ID#110529) contributed $60 million USD and ICBC (Record ID#110530) contributed $120 million USD to this loan, the following lenders also participated: Citibank, N.A. ($245 million USD + EUR 100 million); JPMorgan Chase Bank, N.A. ($245 million USD + EUR 100 million); Bank of America, N.A. ($195 million USD); Barclays Bank PLC ($195 million USD); Deutsche Bank AG New York Branch ($195 million USD); Goldman Sachs Bank USA ($195 million USD); MUFG Bank, Ltd. ($117 million USD); Morgan Stanley Bank, N.A. ($78 million USD); Wells Fargo Bank, National Association ($195 million USD); Banco Bilbao Vizcaya Argentaria S.A., New York Branch ($120 million USD); BNP Paribas ($120 million USD); DBS Bank Ltd. ($120 million USD); HSBC Bank USA, National Association ($120 million USD); Mizuho Bank, Ltd. ($120 million USD); Royal Bank of Canada ($120 million USD); Societe Generale ($120 million USD); Standard Chartered Bank ($120 million USD); Sumitomo Mitsui Banking Corporation ($120 million USD); The Northern Trust Company ($120 million USD); The Royal Bank of Scotland plc ($120 million USD); The Toronto Dominion Bank, New York Branch ($120 million USD); U.S. Bank National Association ($120 million USD); Australia and New Zealand Banking Group Limited ($60 million USD); Bayerische Landesbank, New York Branch ($60 million USD); Canadian Imperial Bank of Commerce, New York Branch ($60 million USD); Credit Agricole Corporate and Investment Bank ($60 million USD); Danske Bank A/S ($60 million USD); Intesa Sanpaolo S.p.A., New York Branch ($60 million USD); Santander Bank N.A. ($60 million USD); The Bank of Nova Scotia ($60 million USD); UniCredit Bank AG, New York Branch ($60 million USD); and Westpac Banking Corporation ($60 million USD). On April 26, 2019, financial close was reached on a deal in which a syndicate of 35 banks — including Bank of China and ICBC — entered into a $4 billion USD syndicated revolving credit facility with Honeywell International Inc., a US-based multinational conglomerate primarily engaged in aerospace, building technologies, performance materials, and safety and productivity solutions. The maturity of the loan is 5 years, and the interest rate is LIBOR plus an applicable margin. The proceeds were used by the borrower for general corporate purposes. While Bank of China (Record ID#110535) contributed $56 million USD and ICBC (Record ID#110536) contributed $116 million USD to this loan, the following lenders also participated: Citibank, N.A. ($241 million USD); JPMorgan Chase Bank, N.A. ($241 million USD); Bank of America, N.A. ($193 million USD); Barclays Bank PLC ($193 million USD); Deutsche Bank AG New York Branch ($193 million USD); Goldman Sachs Bank USA ($193 million USD); MUFG Bank, Ltd. ($115.8 million USD); Morgan Stanley Bank, N.A. ($77.2 million USD); Wells Fargo Bank, National Association ($193 million USD); Banco Bilbao Vizcaya Argentaria S.A., New York Branch ($116 million USD); Banco Santander, S.A., New York Branch ($116 million USD); BNP Paribas ($116 million USD); DBS Bank Ltd. ($116 million USD); HSBC Bank USA, National Association ($116 million USD); Mizuho Bank, Ltd. ($116 million USD); National Westminster Bank plc ($116 million USD); Royal Bank of Canada ($116 million USD); Societe Generale ($116 million USD); Standard Chartered Bank ($116 million USD); Sumitomo Mitsui Banking Corporation ($116 million USD); The Northern Trust Company ($116 million USD); The Toronto Dominion Bank, New York Branch ($116 million USD); U.S. Bank National Association ($116 million USD); UniCredit Bank AG, New York Branch ($116 million USD); Australia and New Zealand Banking Group Limited ($56 million USD); Bayerische Landesbank, New York Branch ($56 million USD); Canadian Imperial Bank of Commerce, New York Branch ($56 million USD); Credit Agricole Corporate and Investment Bank ($56 million USD); Danske Bank A/S ($56 million USD); Intesa Sanpaolo S.p.A.—New York Branch ($56 million USD); The Bank of Nova Scotia ($56 million USD); and Westpac Banking Corporation ($56 million USD). On March 31, 2021, financial close was reached on a deal in which a syndicate of 32 banks — including Bank of China and ICBC — entered into a $4 billion USD syndicated revolving credit facility with Honeywell International Inc., a US-based multinational conglomerate primarily engaged in aerospace, building technologies, performance materials, and safety and productivity solutions. This facility replaced the 2018 credit agreement. The maturity of the loan is 5 years, and the interest rate is LIBOR plus an applicable margin. The proceeds were used by the borrower for general corporate purposes. While Bank of China (Record ID#110531) contributed $57.25 million USD and ICBC (Record ID#110532) contributed $98 million USD to this loan, the following lenders also participated: Bank of America, N.A. ($699 million USD); JPMorgan Chase Bank, N.A. ($229 million USD); Wells Fargo Bank, National Association ($229 million USD); Citibank, N.A. ($185 million USD); Deutsche Bank AG New York Branch ($185 million USD); Goldman Sachs Bank USA ($185 million USD); Mizuho Bank, Ltd. ($185 million USD); MUFG Bank, Ltd. ($111 million USD); Morgan Stanley Bank, N.A. ($74 million USD); Sumitomo Mitsui Banking Corporation ($185 million USD); Banco Bilbao Vizcaya Argentaria, S.A., New York Branch ($142 million USD); BNP Paribas ($142 million USD); Societe Generale ($142 million USD); The Toronto Dominion Bank, New York Branch ($142 million USD); U.S. Bank National Association ($142 million USD); UniCredit Bank AG, New York Branch ($142 million USD); Banco Santander, S.A., New York Branch ($142 million USD); Barclays Bank PLC ($98 million USD); Credit Agricole Corporate and Investment Bank ($98 million USD); DBS Bank Ltd. ($98 million USD); HSBC Bank USA, National Association ($98 million USD); National Westminster Bank plc ($98 million USD); Royal Bank of Canada ($98 million USD); Standard Chartered Bank ($98 million USD); The Bank of Nova Scotia ($98 million USD); The Northern Trust Company ($98 million USD); Australia and New Zealand Banking Group Limited ($57.25 million USD); Canadian Imperial Bank of Commerce, New York Branch ($57.25 million USD); and Danske Bank A/S ($57.25 million USD). On March 24, 2022, financial close was reached on a deal in which a syndicate of 32 banks — including Bank of China and ICBC — entered into a $4 billion USD syndicated revolving credit facility with Honeywell International Inc., a US-based multinational conglomerate primarily engaged in aerospace, building technologies, performance materials, and safety and productivity solutions. The maturity of the loan is 5 years, and the interest rate is LIBOR plus an applicable margin. The proceeds were used by the borrower for general corporate purposes. While Bank of China (Record ID#110533) contributed $57.25 million USD and ICBC (Record ID#110534) contributed $98 million USD to this loan, the following lenders also participated: Bank of America, N.A. ($229 million USD); JPMorgan Chase Bank, N.A. ($229 million USD); Wells Fargo Bank, National Association ($229 million USD); Citibank, N.A. ($185 million USD); Deutsche Bank AG New York Branch ($185 million USD); Goldman Sachs Bank USA ($185 million USD); Mizuho Bank, Ltd. ($185 million USD); MUFG Bank, Ltd. ($111 million USD); Morgan Stanley Bank, N.A. ($74 million USD); Sumitomo Mitsui Banking Corporation ($185 million USD); Banco Bilbao Vizcaya Argentaria, S.A., New York Branch ($142 million USD); BNP Paribas ($142 million USD); Societe Generale ($142 million USD); The Toronto Dominion Bank, New York Branch ($142 million USD); U.S. Bank National Association ($142 million USD); UniCredit Bank AG, New York Branch ($142 million USD); Banco Santander, S.A., New York Branch ($142 million USD); Barclays Bank PLC ($98 million USD); Credit Agricole Corporate and Investment Bank ($98 million USD); DBS Bank Ltd. ($98 million USD); HSBC Bank USA, National Association ($98 million USD); National Westminster Bank plc ($98 million USD); Royal Bank of Canada ($98 million USD); Standard Chartered Bank ($98 million USD); The Bank of Nova Scotia ($98 million USD); The Northern Trust Company ($98 million USD); Australia and New Zealand Banking Group Limited ($57.25 million USD); Canadian Imperial Bank of Commerce, New York Branch ($57.25 million USD); and Danske Bank A/S ($57.25 million USD).