Santander is a global bank focusing on retail and commercial banking in Europe and the Americas. It serves individuals and SMEs through strong regional franchises (Spain, Brazil, the UK, the US) and a broad Consumer Finance arm, while supporting multinational clients via its Corporate & Investment Banking division. It digitalizes core banking on its Gravity cloud to rapidly deploy digital solutions like Openbank and cross-border services, blending fintech agility with a traditional bank balance sheet. Its goal is to improve efficiency under the One Santander framework, grow cross-border revenue, and finance sustainable initiatives aligned with Net Zero targets.
Company Size
10,001+
Company Stage
IPO
Headquarters
Boadilla del Monte, Spain
Founded
1902
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CTO Realty Growth has closed a $1.0 billion unsecured credit facility, extending its debt maturity profile and increasing total commitments by $250 million. The Winter Park, Florida-based owner and operator of open-air shopping centres will use proceeds to repay outstanding borrowings under its previous $300 million revolving credit facility and two term loans. The new facility comprises a $400 million revolving credit facility due September 2030 and four term loans ranging from $150 million each, maturing between September 2029 and March 2032. The refinancing increases the company's weighted average debt maturity to 4.3 years from 1.6 years. Initial fixed interest rates on the term loans range from 3.4% to 5.3%, based on applied SOFR swaps. The facility was provided by a syndicate led by KeyBank National Association.
Global law firm Clifford Chance advised Banco Santander, S.A. (Santander), as lead arranger and lender, in connection with a senior secured term loan facility of up to US$209 million made available to members of the Ransa group across Spain, Peru, Chile, Colombia, Guatemala, Honduras and El Salvador.
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Proparco and Grupo Enhol partner to advance Peru's solar energy transition with landmark Illa project. Published on September 24, 2026 Proparco and Santander join forces to support Grupo Enhol's 467 MWp Illa solar project in Peru, strengthening the country's clean energy transition and mobilizing long-term financing for critical renewable energy infrastructure. Proparco has signed a USD 40 million senior loan in favor of Grupo Enhol to support the financing of the Illa project, a large-scale solar photovoltaic plant and associated transmission infrastructure in southern Peru. Developed by Grupo Enhol, a Spanish renewable energy sponsor with more than 27 years of experience in the sector, the project will have a total installed capacity of 467 MWp and is expected to become the largest solar power plant in Peru when it enters into operation in 2027. The project is expected to contribute around 2.5% of the country's national electricity supply and support the diversification of Peru's energy mix. The financing is part of a USD 289 million syndicated financing, including a USD 250 million mini-perm facility fully structured and underwritten by Banco Santander, alongside Proparco and several other development finance institutions: Instituto de Crédito Oficial E.P.E. (ICO), Corporación Financiera de Desarrollo S.A. (COFIDE), Compañía Española de Financiación del Desarrollo, COFIDES, S.A., S.M.E. (COFIDES), Fondo para Inversiones en el Exterior, F.C.P.J. (FIEX) and Development Finance Institute Canada Inc. (FinDev Canada)... The DFIs are providing financing with a seven-year maturity, supporting the project from construction through to operational maturity. The mini-perm structure is designed to secure financing during the project's higher-risk construction and ramp-up phases, while preparing the asset for access to private capital markets once operational. This approach is fully aligned with Proparco's mandate to mobilize private capital and reduce risks associated with essential infrastructure projects. The transaction also marks Proparco's first infrastructure financing collaboration with Banco Santander, opening new opportunities for cooperation on infrastructure projects across the Andean region. The Illa project is fully aligned with Peru's energy transition objectives and its ambition to increase the share of non-hydropower renewable energy to 30% of the country's energy mix by 2030. This objective is particularly relevant in a context where electricity demand is expected to reach 75 TWh, driven by industrial and mining activities as well as rural electrification. By adding significant new solar generation capacity and associated transmission infrastructure, the project will contribute to the diversification, resilience and decarbonization of Peru's electricity system. This solar plant is expected to avoid around 369,000 t CO[2]eq annually and contribute to broader socio-economic benefits, including improved access to essential energy services for an estimated 263,000 people and the creation or preservation of approximately 2,425 indirect jobs in Peru.
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