Narrative
Full Description
Project narrative
On May 4, 2019, financial close was reached on a deal in which a syndicate of banks — including the Industrial and Commercial Bank of China (ICBC), China Construction Bank Corporation (CCB), and Bank of Communications (BoComm) — entered into a $555.08 million USD syndicated loan agreement with Autumn Finance Company Pty Ltd. — a special purpose vehicle (SPV) — for refinancing purposes. ICBC contributed $34.43 million USD to the loan and CCB and BoComm each contributed $33.15 million USD to the loan. In addition to ICBC, CCB, and BoComm, the following banks are known have to contributed the following amounts to this syndicated loan: Export Development Canada ($34.43 million USD), ING Bank N.V. ($33.15 million USD), National Australia Bank Limited (NAB) ($29.52 million USD), Société Générale S.A. (SocGen) ($34.43 million USD), Sumitomo Mitsui Banking Corporation (SMBC) ($33.15 million USD), Canadian Imperial Bank of Commerce (CIBC) ($33.15 million USD), and Bank of Ceylon (BOC) ($33.15 million USD). All these lenders served as mandated lead arrangers. Record ID#94273 captures ICBC's $34.43 million USD contribution. Record ID#94274 captures CCB's $33.15 million USD contribution. Record ID#94275 captures BoComm's $33.15 million USD contribution.