Bank of China contributes to $4.135 billion USD syndicated revolving credit facility to Blackstone's subsidiaries for general corporate purposes in 2022 (Linked to Record ID#110690)

Project narrative

On June 3, 2022, financial close was reached on a deal in which a syndicate of 28 banks — including Bank of China — entered into a $4,135,000,000 USD syndicated loan agreement with Blackstone's subsidiaries Blackstone Holdings Finance Co. L.L.C., Blackstone Holdings AI L.P., Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P., and Blackstone Holdings IV L.P. Blackstone is a U.S.-based alternative investment management firm and one of the world’s largest private equity and asset managers. 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, including acquisitions and portfolio funding. 
While Bank of China contributed to this loan (Record ID#110689), the following lenders also participated: Bank of America, N.A., Barclays Bank PLC, JPMorgan Chase Bank, N.A., Wells Fargo Bank, N.A., BNP Paribas, Canadian Imperial Bank of Commerce, Credit Suisse AG, Deutsche Bank AG New York Branch, Goldman Sachs Bank USA, Morgan Stanley Bank, N.A., MUFG Bank, Ltd., Royal Bank of Canada, Société Générale, Toronto-Dominion Bank (New York Branch), Truist Bank, Australia and New Zealand Banking Group Limited, Banco Santander S.A. (New York Branch), Bank of Montreal, HSBC Bank plc, Mizuho Bank, Ltd., Standard Chartered Bank, State Street Bank and Trust Company, Sumitomo Mitsui Banking Corporation, The Bank of New York Mellon, U.S. Bank National Association, and UBS AG (Stamford Branch). On December 15, 2023, financial close was reached on a deal in which a syndicate of 28 banks — including Bank of China — entered into a $4,325,000,000 USD syndicated loan agreement with Blackstone Holdings Finance Co. L.L.C. and its subsidiaries (Blackstone Holdings AI L.P., Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P., and Blackstone Holdings IV L.P.). 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, including acquisitions and portfolio funding. 
While Bank of China contributed to this loan (Record ID#110690), the following lenders also participated: Citibank, N.A., Bank of America, N.A., Barclays Bank PLC, JPMorgan Chase Bank, N.A., Wells Fargo Bank, N.A., BNP Paribas, Canadian Imperial Bank of Commerce, Deutsche Bank AG New York Branch, Goldman Sachs Bank USA, HSBC Bank plc, Morgan Stanley Bank, N.A., MUFG Bank, Ltd., Royal Bank of Canada, Société Générale, Sumitomo Mitsui Banking Corporation, Toronto-Dominion Bank (New York Branch), Truist Bank, UBS AG (Stamford Branch), Australia and New Zealand Banking Group Limited, Banco Santander S.A. (New York Branch), Bank of Montreal, The Bank of Nova Scotia, Mizuho Bank, Ltd., Standard Chartered Bank, State Street Bank and Trust Company, The Bank of New York Mellon, and U.S. Bank National Association.