China Construction Bank (London Branch) reschedules — via a two-year maturity extension — a November 2015 £600 million GBP revolving credit facility to LSEG for general corporate purposes

Project narrative

On November 9, 2015, a syndicate of eight banks — including the London Branch of China Construction Bank Corporation (CCB) — entered into a £600 million GBP revolving credit facility (RCF) agreement with London Stock Exchange Group plc (LSEG) — the British stock exchange and financial information company and owner of the London Stock Exchange — and its subsidiaries LSEGH (Luxembourg) Limited and London Stock Exchange Group Holdings (Italy) Limited for general corporate purposes. This loan carried a maturity period of five years with two one-year maturity extensions at the lenders' option and borrower's request and a floating interest rate based on LIBOR or EURIBOR plus a margin of 0.45%. The RCF is unsecured but guaranteed by LSEG. By October 2020, the RCF had been partially drawn. Record ID#99088 captures CCB's contribution. In addition to CCB, the following lenders contributed to the loan syndicate: The Bank of Tokyo-Mitsubishi UFJ, Ltd (BTMU), Abbey National Treasury Services plc (ANTS), Barclays Bank, HSBC Bank plc, Royal Bank of Canada (RBC), The Royal Bank of Scotland plc (RBS) and the London Branch of Wells Fargo Bank, National Association. Sometime between November 9, 2015 and October 14, 2020, the lenders exercised the maturity period extension options, extending the maturity period of the £600 million GBP RCF by two years to seven years. Record ID#99089 captures the extension.