Overview

Bank of China UK provides a $10 million USD revolving loan to Westchester Export Capital Limited for unspecified purposes

Commitments (Constant USD, 2023)$10,062,963

Commitment Year•2018Country of Activity•United KingdomDirect Recipient Country of Incorporation•United KingdomOverseas Jurisdiction•United KingdomSector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Apr 16, 2018

Geospatial footprint

Map overview

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Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

State-owned Commercial Banks

Bank of China (UK) Limited (BOC UK)

Receiving agencies

Private Sector

Westchester Export Capital Limited

Guarantors

Private Sector

Westchester Export Capital LLC

Collateral providers

Private Sector

Westchester Export Capital Limited

Loan desecription

Bank of China UK provides a $10 million USD revolving loan to Westchester Export Capital Limited for unspecified purposes

Interest type•Unknown

Collateral

This loan was secured by fixed and floating charges over all the undertaking, property, assets, and rights in and of Westchester Export Capital Limited as charged in a debenture dated April 16, 2018.

Narrative

Full Description

Project narrative

On or around April 16, 2018, the Bank of China UK Limited (BOC UK) entered into a $10,000,000 USD uncommitted secured revolving loan facility agreement with Westchester Export Capital Limited — an England and Wales-incorporated company and subsidiary of United States-based automotive trade export financier Westchester Export Capital LLC — for unspecified purposes. Westchester Export Capital LLC issued a guarantee in support of this facility. This loan was secured by (i.e. collateralized) fixed and floating charges over all the undertaking, property, assets, and rights in and of Westchester Export Capital Limited as charged in a debenture dated April 16, 2018.