Blackstone Credit & Insurance Announces $1 Billion Infrastructure Loan Portfolio Purchase From Santander
Robert Horn, Global Head of Infrastructure & Asset Based Credit at BXCI, said: “This transaction is consistent with our approach to working with leading financial institutions on large-scale, long-term, efficient solutions that support their capital goals.”
Marcel Patiño, Global Head of Private Debt Mobilization at Santander CIB, said: “We are delighted to partner with Blackstone on this strategic transaction as we look to streamline our balance sheet while supporting further growth by Santander as a leading advisor and arranger in the Structured Finance space.”
Jacob Nowack, Managing Director at BXCI, added: “We are excited to work with Santander to further scale our relationship as it aligns with Blackstone’s deep roots in the infrastructure credit market and BXCI’s focus on increasing its investment activities in Europe.”
BXCI’s Infrastructure and Asset Based Credit platform manages over
Santander CIB is one of the leading banks globally in energy and infrastructure advisory and financings, offering tailored solutions to both corporate and institutional clients.
About Blackstone Credit & Insurance
Blackstone Credit & Insurance (“BXCI”) is one of the world’s leading credit investors. Our investments span the credit markets, including private investment grade, asset based lending, public investment grade and high yield, sustainable resources, infrastructure debt, collateralized loan obligations, direct lending and opportunistic credit. We seek to generate attractive risk-adjusted returns for institutional and individual investors by offering companies capital needed to strengthen and grow their businesses. BXCI is also a leading provider of investment management services for insurers, helping those companies better deliver for policyholders through our world-class capabilities in investment grade private credit.
About Santander
Banco Santander (SAN SM) is a leading commercial bank, founded in 1857 and headquartered in
Santander Corporate & Investment Banking (Santander CIB) is Santander’s global division that supports corporate and institutional clients, offering tailored services and value-added wholesale products suited to their complexity and sophistication, as well as to responsible banking standards that contribute to the progress of society.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241125396347/en/
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Blackstone
Felix Lettau
felix.lettau@blackstone.com
Santander
Santander Corporate Communications
comunicacion@gruposantander.com
Source: Blackstone