Santander Bank announced that its Commercial Bank closed a $250 million asset-based revolving credit facility on behalf of Wind Turbine & Energy Cables Corp (WTEC). Santander acted as administrative agent, joint lead arranger and joint bookrunner on the credit facility and is one of eight international and U.S.-based banks providing financing to.
There was no shortage of innovation across the securitization market in 2022. But even amid strong competition, Newmarket Capital and Banco Santander’s Project Bocarte was a standout transaction. A cutting-edge structure, a focus on sustainability and a commitment to financing the energy transition made the bilateral trade a worthy winner of GlobalCapital’s Most Innovative Deal of the Year.