BlackRock and Santander announced that funds and accounts managed by BlackRock will provide Santander financing on a $600 million portfolio of infrastructure credit across communications, energy, power and transportation sectors via a structured transaction.
“Our infrastructure debt franchise aims for win-win financing transactions that solve the needs of financial institutions and corporates while generating returns for long-term investors,” Gary Shedlin, vice chairman of BlackRock, said. “We have a longstanding relationship with Santander and look forward to providing flexible capital to support the growth of its global project finance franchise and all sectors of the burgeoning infrastructure economy.”
“We are pleased to announce this transaction, which underscores our commitment to private debt mobilization,” José García Cantera, group CFO at Banco Santander, said. “By proactively rotating our assets, we not only strengthen our financial position but also generate capital for additional profitable growth. This approach is fundamental to our strategy of sustainable growth and value creation for our stakeholders.”
