Bank of China (London Branch) reschedules — via a two-year maturity extension — a December 2017 £600 million GBP revolving credit facility to LSEG for general corporate purposes

Project narrative

On December 11, 2017, a syndicate of eight banks — including the London Branch of the Bank of China (BOC) — 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 at signing plus a margin of 0.30% per annum. The RCF is unsecured but guaranteed by LSEG. By October 2020, the RCF had been partially drawn. Record ID#99090 captures BOC's contribution. In addition to BOC, the following lenders contributed to the loan syndicate: The Bank of Tokyo-Mitsubishi UFJ, Ltd (BTMU), National Westminster Bank plc (NatWest), Santander UK plc, Barclays Bank, HSBC Bank plc, Royal Bank of Canada (RBC), and the London Branch of Wells Fargo Bank, National Association. Sometime between December 11, 2017 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#99091 captures the extension.