ICBC contributes USD 20 million to USD 1.7 billion tranche of USD 2.065 billion syndicated term loan facility to Wii Pte Ltd for debt refinancing, general corporate purposes, and working capital requirements (linked to Record ID#97623, #97624, #97625, #97626, #97627)

Project narrative

In September 2013, a group of 30 banks – including Bank of China, Agricultural Bank of China, China Bank of Communications, and ICBC – contributed to a USD 2.065 billion syndicated term loan facility to Wii Pte Ltd, a wholly-owned subsidiary of Wilmar International. The proceeds are to be used for general corporate purposes, working capital requirements, and to refinance existing debt. The loan is divided into two tranches: A USD 365 million, three-year tranche at an interest rate of LIBOR plus 135 basis points, which is scheduled to mature in September 2016. Bank of China contributed USD 20 million (captured via Record ID#97623) and Agricultural Bank of China contributed USD 20 million (captured via Record ID#97624). Other lenders contributing to this tranche included National Australia Bank, Westpac Banking Corporation, HSBC, National Bank of Kuwait, Bank of East Asia, Taiwan Financial Holding, JA Mitsui Leasing, Sumitomo Mitsui Financial, Land Bank of Taiwan, Metropolitan Bank & Trust, and Mega Financial Holding Company. A USD 1.7 billion, five-year tranche at an interest rate of LIBOR plus 180 basis points, which is scheduled to mature in September 2018. Bank of China contributed USD 80 million (captured via Record ID#97625), BOCOMM contributed USD 50 million (captured via Record ID#97626), and ICBC contributed USD 20 million (captured via Record ID#97627). Other lenders contributing to this tranche included Mitsubishi UFJ Financial, CIMB Group, Commonwealth Bank of Australia, DBS, HSBC, UOB, Sumitomo Mitsui Financial, ABN Amro, Aozora Bank, Bank of Philippine Islands, Hua Nan Financial Holdings, E.SUN Financial Holding Company, Taiwan Cooperative Financial Holdings, Land Bank of Taiwan, Metropolitan Bank & Trust, Mega Financial Holding Company, BDO Unibank, and Habib Bank.