Santander Bank served as left-lead agent in a $115 million senior secured revolving line of credit to The Fishin’ Company.
Santander Bank provided a $25 senior-secured revolving line of credit to the The Tuna Store, a subsidiary of Tri-Marine US Holdings.
Recurrent Energy closed on a tax equity investment commitment with a unit GE Energy Financial Services for the 75 megawatt (MWac) Astoria 2 solar power project.
Canadian Solar subsidiary Recurrent Energy closed on an equity commitment with GE Energy Financial Services for a 75 megawatt solar power project. A related debt facility was arranged by Santander and included Nord/LB, Radobank, Key Bank and CIT Bank.
MVC Capital entered into a $50 million revolving borrowing base credit facility with Santander Bank as a lender and lead agent and Wintrust Bank as a lender and syndication agent.
Recurrent Energy closed on a tax equity investment commitment with GE Energy Financial for a solar power project. Santander Bank arranged $260 million in financing, along with a five member bank club, to support the project.
Santander Bank named Siobhan Schroth as Santander Corporate and Commercial Banking divisions market director and regional head for New York and New Jersey.
Santander Bank appointed John Paul Nuzzo as vice president and relationship manager in its Asset-Based Lending group. Nuzzo was previously with Salus Capital and TD Bank.
Canadian Solar signed off on both a debt facility with Santander Bank and a tax equity investment commitment with U.S. Bancorp Community Development to support a California PV plant.
Santander Bank provided $243 million financing for a take-private transaction for MFI. Proceeds from a $43 million bridge loan and a $200 million revolving credit line were used for general working capital.