Bank of China contributes to $1.5 billion USD syndicated revolving credit facility to Zimmer Biomet Holdings for general corporate purposes in 2022 (Linked to Record ID#110628, #110629, #110630 and #110632)

Project narrative

On November 1, 2019, financial close was reached on a deal in which a syndicate of 23 banks — including Bank of China — entered into a $1.5 billion USD syndicated loan agreement with Zimmer Biomet Holdings, Inc., a U.S.-based medical device company that develops, manufactures, and markets orthopedic reconstructive products, among other healthcare solutions — for general corporate purposes. 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, which may include refinancing of existing debt, working capital, or other corporate expenditures. While Bank of China contributed to this loan (Record ID#110628), the following lenders also participated: JPMorgan Chase, Bank of America, N.A., Wells Fargo Bank, National Association, BNP Paribas, Citibank, N.A., Credit Suisse AG (Cayman Islands Branch and Switzerland Ltd.), DNB Capital LLC, HSBC Bank USA, N.A., Mizuho Bank, Ltd., MUFG Bank, Ltd., Royal Bank of Canada, Sumitomo Mitsui Banking Corporation, Bank of Montreal, Goldman Sachs Bank USA, U.S. Bank National Association, TD Bank, N.A., UniCredit Bank AG (New York Branch), DZ Bank AG (New York Branch), PNC Bank, National Association, The Northern Trust Company, and Lake City Bank. On August 20, 2021, financial close was reached on a deal in which a syndicate of 22 banks — including Agricultural Bank of China and Bank of China — entered into a $1.5 billion USD syndicated loan agreement with Zimmer Biomet Holdings, Inc., a U.S.-based medical device company that develops, manufactures, and markets orthopedic reconstructive products, dental implants, and related surgical equipment — for general corporate purposes. 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, which may include working capital, refinancing existing debt, or other general business needs. While Agricultural Bank of China (Record ID#110630) and Bank of China contributed to this loan (Record ID#110629), the following lenders also participated: JPMorgan Chase Bank, N.A., Citibank, N.A., Mizuho Bank, Ltd., Bank of America, N.A., Barclays Bank PLC, BNP Paribas, DNB Capital LLC, HSBC Bank USA, N.A., Goldman Sachs Bank USA, Morgan Stanley Bank, N.A., MUFG Bank, Ltd., Royal Bank of Canada, Sumitomo Mitsui Banking Corporation, Credit Suisse (Switzerland) Ltd., TD Bank, N.A., UniCredit Bank AG (New York Branch), US Bank, National Association, DZ Bank AG (New York Branch), The Northern Trust Company, and Lake City Bank. On August 19, 2022, financial close was reached on a deal in which a syndicate of 22 banks — including Agricultural Bank of China and Bank of China — entered into a $1.5 billion USD syndicated loan agreement with Zimmer Biomet Holdings, Inc., a U.S.-based medical device company that develops, manufactures, and markets orthopedic reconstructive products, dental implants, and related surgical equipment — for general corporate purposes. 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, which may include working capital, refinancing of existing debt, or other corporate needs. While Agricultural Bank of China (Record ID#110632) and Bank of China contributed to this loan (Record ID#110631), the following lenders also participated: JPMorgan Chase Bank, N.A., Citibank, N.A., Mizuho Bank, Ltd., Bank of America, N.A., Barclays Bank PLC, BNP Paribas, DNB Capital LLC, Goldman Sachs Bank USA, HSBC Bank USA, National Association, Morgan Stanley Bank, N.A., MUFG Bank, Ltd., Royal Bank of Canada, Sumitomo Mitsui Banking Corporation, Credit Suisse (Switzerland) Ltd., TD Bank, N.A., UniCredit Bank AG (New York Branch), U.S. Bank National Association, DZ Bank AG (New York Branch), The Northern Trust Company, and Lake City Bank.