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- Blackstone Credit & Insurance (BXCI) to acquire interests in a $1 billion infrastructure loan portfolio from Santander.
- The portfolio includes assets in digital infrastructure, renewable energy, energy efficiency, and transportation across Western Europe and the US.
- Deal strengthens BXCI’s infrastructure investments and aids Santander in streamlining its balance sheet.
Blackstone and Santander Corporate & Investment Banking have announced an agreement where funds managed by Blackstone Credit & Insurance (BXCI) will acquire interests in a $1 billion portfolio of high-quality infrastructure loans from Santander. The portfolio finances assets largely in Western Europe and the US, spanning sectors like digital infrastructure, utility-scale renewables, energy efficiency, and transportation.
What they’re saying:
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.”
Why it matters:
Blackstone Credit & Insurance (BXCI) Infrastructure and Asset Based Credit platform manages over $80 billion and has over 70 investment professionals, among the largest in the asset-backed marketplace. The platform is focused on providing investment grade credit, non-investment grade credit, and structured investments across the real economy in sectors such as digital infrastructure, energy transition infrastructure, consumer finance, commercial finance, and residential real estate.
The bottom line: Santander CIB continues to be a global leader in energy and infrastructure advisory and financing, offering tailored solutions to corporate and institutional clients.
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