BlackRock and Santander Partner on $600 Million Private Infrastructure Financing
11 Abril 2024 - 7:00AM
Business Wire
BlackRock (NYSE: BLK) and Santander today announced that funds
and accounts managed by BlackRock will provide financing on a $600
million diversified portfolio of infrastructure credit across
communications, energy, power and transportation sectors via a
structured transaction.
BlackRock’s private debt franchise provides differentiated,
flexible and scalable financing solutions to a broad network of
global financial institutions and corporate relationships. Through
the breadth of BlackRock’s over $50 billion of infrastructure
client AUM across equity, debt, and solutions, the firm has built
one of the market’s leading infrastructure debt franchises,
sourcing, structuring and managing client assets with the potential
for income generation.
“Our infrastructure debt franchise aims for win-win financing
transactions that solve the needs of financial institutions and
corporates, while generating returns for long-term investors. We
have a longstanding relationship with Santander and look forward to
providing flexible capital to support the growth of its global
project finance franchise and all sectors of the burgeoning
infrastructure economy,” said Gary Shedlin, Vice Chairman,
BlackRock.
“We are pleased to announce this transaction, which underscores
our commitment to private debt mobilization. By proactively
rotating our assets, we not only strengthen our financial position
but also generate capital for additional profitable growth. This
approach is fundamental to our strategy of sustainable growth and
value creation for our stakeholders," commented José García
Cantera, Group Chief Financial Officer at Banco Santander.
About BlackRock
BlackRock’s purpose is to help more and more people experience
financial well-being. As a fiduciary to investors and a leading
provider of financial technology, we help millions of people build
savings that serve them throughout their lives by making investing
easier and more affordable. For additional information on
BlackRock, please visit www.blackrock.com/corporate | Twitter:
@blackrock | LinkedIn: www.linkedin.com/company/blackrock
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Carolyn Vadino +1 (646) 310-0852 carolyn.vadino@blackrock.com
Carina Mickeviciute +34 687 55 67 54
carina.mickeviciute@blackrock.com
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