Santander US named Brian R. Yoshida chief legal officer and named Joe Abruzzo head of commercial banking for Santander Bank. Yoshida joined from M&T Bank and Abruzzo joined from HSBC.
BNP Paribas, Handelsbanken and Nordea acted as coordinating mandated lead arrangers and bookrunners for a €750 million revolving credit facility for UPM.
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.