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’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.
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.
Santander Bank named Pierre P. Habis head of consumer and business banking, effective May 4, 2020. He will report to Tim Wennes, Santander US CEO and country head, and Santander Bank president and CEO.
Santander Bank’s Commercial Banking division closed a $75 million asset-based revolving credit facility on behalf of Wind Turbine & Energy Cables.
Santander Bank’s Commercial Banking division served as the administrative agent and sole lead arranger on a $120 million revolving credit and term loan facility to The Eastern Company, an industrial metal products manufacturer.
Monitor has learned from reliable industry sources that Santander Bank is planning to exit the equipment finance industry in the U.S., consistent with a similar shutdown of EFL in the UK.