Santander Bank unified its commercial and industrial business and its commercial real estate, equipment finance and vehicle financing business into one U.S. commercial bank under the leadership of Michael Lee.
Santander Bank’s commercial bank closed a $250 million asset-based revolving credit facility on behalf of Wind Turbine & Energy Cables, a diversified manufacturer of electrical cables, wires and steel for use in the renewable energy industry.
SMART Global Holdings (SGH) completed refinancing transactions via a $275 million term loan A facility and a $250 million undrawn revolving credit facility.
Veeco Instruments entered into a senior secured revolving credit facility that enables the company to borrow up to $150 million over a five-year term that expires in December 2026. HSBC Bank is acting as administrative agent and collateral agent for the facility.
Integer Holdings, a medical device outsource manufacturer, raised $1 billion in senior secured credit facilities to refinance its existing debt. Wells Fargo Bank is acting as administrative agent, swingline lender and issuing lender for the facilities.
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 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.
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 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.