debt
confidence high
sentiment neutral
materiality 0.50
Santander Holdings USA issues $500M 6.565% fixed-to-floating senior notes due 2029
Santander Holdings USA, Inc.
- Issued $500M aggregate principal of 6.565% Fixed-to-Floating Rate Senior Notes due 2029.
- Notes priced with fixed rate of 6.565% for initial period, then floating rate tied to SOFR plus spread.
- Underwriters: Santander US Capital Markets, Citigroup Global Markets, Morgan Stanley, Wells Fargo Securities.
- Issuance completed on June 12, 2023; proceeds for general corporate purposes.