Santander Bank’s commercial banking division closed a $100 million credit facility on behalf of Holtec International, a privately held energy technology company.
Holtec specializes in providing technology and services for a variety of uses, including the decommissioning of nuclear energy facilities and nuclear fuel and high-level waste management. It also provides heat transfer equipment and services, custom manufacturing, and engineering and consulting services.
“It has been a privilege to partner with Holtec, a leading energy firm, to help grow its business domestically and globally,” Joseph Sigle, Mid-Atlantic middle market executive at Santander Bank, said. “We look forward to supporting Holtec by leveraging local insights in the U.S. as well as our international network and capabilities through the Banco Santander organization.”
“Santander’s global network and capabilities align with our international growth, enabling us to open accounts for our overseas subsidiaries and access in-country treasury services,” Krishna Singh, founder of Holtec, said. “We look forward to continuing our relationship with Santander in the U.S. and beyond as we continue to grow.”
