China Bank of Communications contributes to $1 billion USD syndicated revolving credit facility to Tyson Foods for general corporate purposes in 2005 (Linked to Record ID#110695)

Project narrative

On September 28, 2005, financial close was reached on a deal in which a syndicate of 24 banks — including Bank of China, New York Branch and Bank of Communications, New York Branch — entered into a $1 billion USD syndicated loan agreement with Tyson Foods, Inc., a Springdale, Arkansas-based multinational corporation engaged in the production of processed foods, especially beef, chicken, and pork. The maturity of the loan is five years and the interest rate is LIBOR plus an applicable margin. The proceeds were used by the borrower to repay borrowings and other amounts owed under the company’s previous terminated credit agreements, and for general corporate purposes. While Bank of China (Record ID#110695) and Bank of Communications contributed to this loan (Record ID#110696), the following lenders also participated: JPMorgan Chase Bank, N.A., Bank of America N.A., The Bank of Nova Scotia, The Bank of Tokyo-Mitsubishi, Ltd., Bank Hapoalim BM, Barclays Bank PLC, BNP Paribas, Citicorp USA, Inc., CoBank ACB, Cooperatieve Centrale Raiffeisen-Borenleenbank B.A. “Rabobank International”, E.Sun Commercial Bank Ltd., The Governor and Company of the Bank of Ireland, HSBC Bank USA N.A., ING Capital LLC, Merrill Lynch Bank USA, Mizuho Corporate Bank Ltd., Morgan Stanley Bank, Sumitomo Mitsui Banking Corporation, SunTrust Bank, U.S. AgBank FCB, U.S. Bank National Association, and Wachovia Bank N.A.