Santander Bank Archives

BofA Agents WEX Facility Upsize to $1.9B

WEX, a financial technology service provider, amended and restated its credit facility. The lenders agreed to a restatement agreement that increases commitments under WEX’s revolving credit facility from $870 million to $930 million.

Santander Names Baldinelli Head of New England Middle Market Banking

Santander Bank appointed Scott Baldinelli head of New England middle market banking. Baldinelli will assume the role from Robert Cerminaro, who was promoted to head of mid-corporate banking in Santander’s commercial banking division.

March 30, 2021 Joe Abruzzo | Robert Cerminaro | Santander Bank | Scott Baldinelli Ian Koplin

Citizens Amends Ribbon Communications’ Credit Agreement

Ribbon Communications executed a third amendment to its credit agreement. Citizens Bank, as administrative agent under the credit facility, led the amendment, which increased Ribbon’s existing term loan A credit facility by approximately $75 million.

Santander Adds Former JPMorgan Execs to Commercial Banking Team

Santander Bank appointed Taryn Phelan commercial banking chief experience officer and Michael McDonough head of trade and working capital solutions. Both Phelan and McDonough previously worked for JPMorgan Chase.

February 9, 2021 Joe Abruzzo | Ken Deveaux | Michael McDonough | Santander Bank | Taryn Phelan Phil Neuffer

Santander Bank Delivers $100MM Facility to Holtec International

Santander Bank’s commercial banking division closed a $100 million credit facility on behalf of Holtec International, a privately held energy technology company.

December 9, 2020 Dr. Singh | Holtec International | Joseph Sigle | Santander Bank Phil Neuffer

Santander Bank Provides $50MM Revolver to DB Energy Assets to Support Acquisition

Santander Bank’s commercial banking division provided a $50 million revolving loan to DB Energy Assets to support the company’s acquisition of an additional operating energy facility in Delaware.

October 30, 2020 DB Energy Assets | Joe Sigle | Michael Jingoli | Santander Bank Ellie Delany

Santander Bank Adds Execs for Small Business Banking, Consumer Lending, Marketing

Santander Bank named Patrick Smith the head of small business banking, Giancarlo Marchesi the head of consumer lending and Jennifer Mathissen the firm’s chief marketing officer.

Citigroup-Led Syndicate Amends Harsco’s Credit Facilities

A syndicate of banks led by Citigroup Global Markets amended Harsco’s existing senior secured credit facilities. The required levels of the existing total net leverage ratio covenant will be increased through Dec. 31, 2021.

Santander Bank Arranges $225MM in Financing for Purolite

Santander Bank’s commercial banking division acted as joint lead arranger for a $175 million term loan and $50 million revolver for Purolite to facilitate additional spending on capital projects and enhance liquidity.

Citigroup-Led Syndicate Arranges $280MM Term Loan for Harsco

As part of a syndicate of 14 banks, Citigroup served as a joint lead bookrunner and joint lead arranger for a new $280 term loan facility for Harsco Corporation.

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