ICBC contributes to $3.365 billion USD syndicated revolving credit facility to Ares Capital Corporation for general corporate purposes in 2019

Project narrative

On January 3, 2017, financial close was reached on a second deal in which a syndicate of 23 banks — including ICBC — entered into a $2.095 billion USD syndicated loan agreement with Ares Capital Corporation. The maturity of the loan is 5 years, and the interest rate was LIBOR plus 1.75%. The use of proceeds was to finance the purchase by the Borrower from the Equityholder on a “true sale” basis. 
While ICBC contributed to this loan (Record ID#110676), the following lenders also participated: JPMorgan Chase Bank, N.A., Bank of America, N.A., SunTrust Bank, Bank of Montreal, Sumitomo Mitsui Banking Corporation, Natixis, State Street Bank and Trust Company, Capital One, Mizuho Bank, Morgan Stanley Bank, Barclays Bank PLC, Citibank, N.A., Goldman Sachs Bank USA, MUFG Union Bank, N.A., Royal Bank of Canada, Santander Bank, N.A., HSBC Bank USA, N.A., Comerica Bank, Credit Suisse AG, Stifel Bank & Trust, The Bank of New York Mellon, and Signature Bank. On March 30, 2018, financial close was reached on a deal in which a syndicate of 25 banks — including ICBC — entered into a $2,132,500,000 USD syndicated loan agreement with Ares Capital Corporation. The maturity of the loan is 5 years, and the interest rate was LIBOR plus an applicable margin. The use of proceeds was for general corporate purposes of the Borrower in the ordinary course of business, including in connection with the acquisition and funding (either directly or through one or more wholly-owned subsidiaries) of portfolio investments. 
While ICBC contributed to this loan (Record ID#110677), the following lenders participated: JPMorgan Chase Bank, N.A., Bank of America, N.A., SunTrust Bank, Bank of Montreal, Sumitomo Mitsui Banking Corporation, Natixis, State Street Bank and Trust Company, Capital One, Mizuho Bank, Morgan Stanley Bank, Barclays Bank PLC, Citibank, N.A., Goldman Sachs Bank USA, MUFG Union Bank, N.A., Royal Bank of Canada, Santander Bank, N.A., HSBC Bank USA, N.A., Comerica Bank, Credit Suisse AG, Stifel Bank & Trust, The Bank of New York Mellon, Signature Bank, Deutsche Bank AG, and U.S. Bank NA. On April 1, 2019, financial close was reached on a deal in which a syndicate of 34 banks — including ICBC — entered into a $3.365 billion USD syndicated loan agreement with Ares Capital Corporation. The maturity of the loan is 5 years, and the interest rate was LIBOR plus an applicable margin. The use of proceeds was for general corporate purposes of the Borrower in the ordinary course of business, including in connection with the acquisition and funding (either directly or through one or more wholly-owned subsidiaries) of portfolio investments. 
While ICBC contributed to this loan (Record ID#110678), the following lenders also participated: JPMorgan Chase Bank, N.A., Bank of America, N.A., SunTrust Bank, Bank of Montreal, Sumitomo Mitsui Banking Corporation, Natixis, State Street Bank and Trust Company, Capital One, Mizuho Bank, Morgan Stanley Bank, Barclays Bank PLC, Citibank, N.A., Goldman Sachs Bank USA, MUFG Union Bank, N.A., Royal Bank of Canada, Santander Bank, N.A., HSBC Bank USA, N.A., Comerica Bank, Credit Suisse AG, Stifel Bank & Trust, The Bank of New York Mellon, Signature Bank, Deutsche Bank AG, U.S. Bank NA, BNP Paribas, Regions Bank, Societe Generale, CIBC Bank USA, First Commercial Bank, Taiwan Business Bank, Land Bank of Taiwan, Chang Hwa Commercial Bank, and Liberty Bank. On March 30, 2020, financial close was reached on a deal in which a syndicate of 29 banks — including ICBC — entered into a $3.605 billion USD syndicated loan agreement with Ares Capital Corporation. The maturity of the loan is 5 years, and the interest rate was LIBOR plus an applicable margin. The use of proceeds was for general corporate purposes of the Borrower in the ordinary course of business, including in connection with the acquisition and funding (either directly or through one or more wholly-owned subsidiaries) of portfolio investments. 
While ICBC contributed to this loan (Record ID#110679), the following lenders also participated: JPMorgan Chase Bank, N.A., Bank of America, N.A., Truist Bank, Bank of Montreal, MUFG Union Bank, N.A., Sumitomo Mitsui Banking Corporation, Mizuho Bank, Ltd., State Street Bank and Trust Company, Royal Bank of Canada, BNP Paribas, Regions Bank, Societe Generale, HSBC Bank USA, N.A., Natixis, Barclays Bank PLC, Morgan Stanley Bank, N.A., U.S. Bank National Association, Goldman Sachs Bank USA, Citibank, N.A., Deutsche Bank AG New York Branch, Santander Bank, N.A., Comerica Bank, Land Bank of Taiwan, Stifel Bank & Trust, CIBC Bank USA, Credit Suisse AG, Cayman Islands Branch, The Bank of New York Mellon, and Chang Hwa Commercial Bank. On March 31, 2021, financial close was reached on a deal in which a syndicate of 34 banks — including ICBC — entered into a $3,963,000,000 USD syndicated loan agreement with Ares Capital Corporation. The maturity of the loan is 5 years, and the interest rate was LIBOR plus an applicable margin. The use of proceeds was for general corporate purposes of the Borrower in the ordinary course of business, including in connection with the acquisition and funding (either directly or through one or more wholly-owned subsidiaries) of portfolio investments. 
While ICBC contributed to this loan (Record ID#110680), the following lenders also participated: JPMorgan Chase Bank, N.A., Bank of America, N.A., MUFG Union Bank, N.A., Sumitomo Mitsui Banking Corporation, Truist Bank, Bank of Montreal, Mizuho Bank, Ltd., Royal Bank of Canada, State Street Bank and Trust Company, Canadian Imperial Bank of Commerce, BNP Paribas, Regions Bank, Societe Generale, Capital One, HSBC Bank USA, N.A., Natixis, Barclays Bank PLC, ING Capital LLC, Morgan Stanley Bank, N.A., Santander Bank, N.A., U.S. Bank National Association, Goldman Sachs Bank USA, Citibank, N.A., Deutsche Bank AG New York Branch, Stifel Bank & Trust, Comerica Bank, Land Bank of Taiwan, The Bank of New York Mellon, Credit Suisse AG, Chang Hwa Commercial Bank, Taiwan Business Bank, Mega International Commercial Bank, and Hua Nan Commercial Bank. On March 31, 2022, financial close was reached on a deal in which a syndicate of 35 banks — including ICBC and Bank of Communications — entered into a $4.785 billion USD syndicated loan agreement with Ares Capital Corporation. The maturity of the loan is 5 years, and the interest rate was LIBOR plus an applicable margin. The use of proceeds was for general corporate purposes of the Borrower in the ordinary course of business, including in connection with the acquisition and funding (either directly or through one or more wholly-owned subsidiaries) of portfolio investments. 
While ICBC (Record ID#110681) and Bank of Communications contributed to this loan (Record ID#110682), the following lenders also participated: JPMorgan Chase Bank, N.A., Bank of America, N.A., MUFG Union Bank, N.A., Sumitomo Mitsui Banking Corporation, Truist Bank, Mizuho Bank, Ltd., Royal Bank of Canada, State Street Bank and Trust Company, Canadian Imperial Bank of Commerce, BNP Paribas, Regions Bank, Societe Generale, Capital One, N.A., Natixis, Barclays Bank PLC, ING Capital LLC, Morgan Stanley Bank, N.A., Santander Bank, N.A., U.S. Bank National Association, Goldman Sachs Bank USA, Citibank, N.A., Deutsche Bank AG New York Branch, Stifel Bank & Trust, Comerica Bank, Land Bank of Taiwan, The Bank of New York Mellon, Chang Hwa Commercial Bank, Taiwan Business Bank, Hua Nan Commercial Bank, Atlantic Union Bank, First Commercial Bank, and Northwest Bank. On April 19, 2023, financial close was reached on a deal in which a syndicate of 37 banks — including ICBC and Bank of Communications — entered into a $4,758,000,000 USD syndicated loan agreement with Ares Capital Corporation. The maturity of the loan is 5 years, and the interest rate was LIBOR plus an applicable margin. The use of proceeds was for general corporate purposes of the Borrower in the ordinary course of business, including in connection with the acquisition and funding (either directly or through one or more wholly-owned subsidiaries) of portfolio investments. 
While ICBC (Record ID#110683) and Bank of Communications contributed to this loan (Record ID#110684), the following lenders also participated: JPMorgan Chase Bank, N.A., Deutsche Bank AG New York Branch, Wells Fargo Bank, N.A., U.S. Bank National Association, Morgan Stanley Bank, N.A., ING Capital LLC, Goldman Sachs Bank USA, Regions Bank, Natixis North America LLC, Land Bank of Taiwan, First Commercial Bank, Bank of Montreal, Comerica Bank, Atlantic Union Bank, Sumitomo Mitsui Banking Corporation, Barclays Bank PLC, Bank of America, N.A., Truist Bank, Northwest Bank, Stifel Bank & Trust, Taiwan Business Bank, BNP Paribas, Capital One, Canadian Imperial Bank of Commerce, Citibank, N.A., Mizuho Bank, Mega International Commercial Bank, Royal Bank of Canada, Santander Bank, The Bank of New York Mellon, Taiwan Cooperative Bank, Chang Hwa Commercial Bank, Société Générale, State Street Bank and Trust Company, and MUFG Bank, Ltd.