Blackstone, Santander Finalise US$1 Bln Infrastructure Loan Portfolio Deal

KUALA LUMPUR, Nov 27 (Bernama) -- Blackstone and Santander Corporate & Investment Banking have reached an agreement under which funds managed by Blackstone Credit & Insurance (BXCI) will acquire interests in a US$1 billion portfolio of high-quality infrastructure loans from Santander. (US$1=RM4.45)

According to a statement, the portfolio comprises loans that finance assets located largely in Western Europe and the United States (US) across the digital infrastructure, utility scale renewable, energy efficiency and transportation sectors.

BXCI Managing Director, Jacob Nowack noted the importance of the deal in further expanding its relationship with Santander, aligning with Blackstone’s deep roots in the infrastructure credit market and BXCI’s growing investment presence in Europe.

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Meanwhile, Santander CIB Global Head of Private Debt Mobilization, Marcel Patiño 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.”

Santander CIB is one of the leading banks globally in energy and infrastructure advisory, offering tailored financial solutions to both corporate and institutional clients.

BXCI’s Infrastructure and Asset Based Credit platform manages over US$80 billion and has over 70 investment professionals, among the largest in the asset-backed marketplace.

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The platform focuses on 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.

-- BERNAMA