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.
Société Générale acted as lead mandated lead arranger on a €2.524 billion ($2.862 billion) financing package for MSC Cruises. The funds will be used to finance construction of three new vessels.
Emily Vaughan Alexanderson was tapped to lead a new banking group within Santander Bank’s Commercial Banking division that will focus on the needs of clients in the non-profit and educational industries, among others.