Mexico’s Profluent Plastic Technologies closed a three-part syndicated loan for MXN1.14 billion ($61.1 million) from five lenders, led by the sole bookrunner BBVA.
Santander Bank may not come to the top of mind when people think about ABL transactions. But Paul Cronin, the bank’s new ABL chief, is looking to get the message out that the Spanish based bank is in the market and ready for business.
Groupe Casino signed a new €2 billion ($2.2 billion) revolving credit facility, which will mature in October 2023, as part of its refinancing plan. Twenty-five banks joined the syndicate.
Santander agreed to sell its retail and commercial banking franchise in Puerto Rico, Banco Santander Puerto Rico, to FirstBank Puerto Rico for a total consideration of approximately $1.1 billion.
Santander Bank appointed Patrick Dunphy as head of its Mid Corporate Banking and Verticals businesses within the Commercial Bank.
First Commonwealth Bank completed the purchase of 14 central Pennsylvania retail banking locations from Santander Bank. This transaction expands First Commonwealth’s presence into the markets of State College, Lock Haven, Williamsport and Lewisburg.
Santander Bank promoted Robert Cerminaro was promoted to commercial banking market director for New England. He will report to David Harnisch, head of Commercial Banking.
Phoenix Tower International, a wireless communications infrastructure provider, closed a $485 million senior secured term loan facility to continue its international expansion.