BOSTON, Dec. 11, 2017 /PRNewswire/ -- Santander Holdings
USA, Inc. (the "Company")
announced today that it has priced $1,000,000,000 in aggregate principal amount of
3.400% senior unsecured notes due 2023 (the "New Fixed Rate Notes")
and $250,000,000 in aggregate
principal amount of 4.400% senior unsecured notes due 2027 (the
"New 2027 Notes" and, together with the New Fixed Rate Notes, the
"Notes") in a private offering exempt from the registration
requirements of the Securities Act of 1933, as amended (the
"Securities Act"). The New 2027 Notes will be issued as additional
notes under the indenture pursuant to which the Company's existing
4.400% senior unsecured notes due 2027 were issued in July 2017. The Company expects to use the net
proceeds from the offering for general corporate purposes. The
Notes offering is expected to close on December 18, 2017. The closing is subject to the
satisfaction of customary closing conditions, and there can be no
assurance that the issuance and sale of the Notes will be
consummated.
The Notes will be offered and sold only to qualified
institutional buyers in the United
States pursuant to Rule 144A and outside the United States pursuant to Regulation S
under the Securities Act. The Notes have not been registered under
the Securities Act or any state securities law and may not be
offered or sold in the United
States absent registration or an applicable exemption from
the registration requirements of the Securities Act and applicable
state laws.
This press release does not constitute an offer to sell or a
solicitation of an offer to purchase the Notes or any other
securities and does not constitute an offer, solicitation or sale
in any state or jurisdiction in which such an offer, solicitation
or sale would be unlawful.
Cautionary Statement Regarding Forward-Looking
Statements
This communication contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Any statements about our expectations, beliefs,
plans, or future events are not historical facts and may be
forward-looking. Such statements include, but are not limited to,
the Company's statements regarding the Notes offering. These
statements are often, but not always, made through the use of words
or phrases such as "anticipates," "believes," "can," "could,"
"may," "predicts," "potential," "should," "will," "looking
forward," "would," 'hopes," "assumes," "estimates," "plans,"
"projects," "continuing," "ongoing," "expects," "intends," and
similar words or phrases. Although we believe that the expectations
reflected in these forward-looking statements are reasonable as of
the date on which the statements are made, these statements are not
guarantees of future performance and involve risks and
uncertainties that are subject to change based on various important
factors and assumptions, some of which are beyond our control. For
additional discussion of these risks, refer to the section entitled
"Risk Factors" and elsewhere in our Annual Report on
Form 10-K we file with the Securities and Exchange
Commission (the "SEC"). Among the factors that could cause actual
results to differ from those reflected in forward-looking
statements include, without limitation, the risks and uncertainties
described in the Company's filings with the SEC. New risks and
uncertainties emerge from time to time, and it is not possible for
the Company to predict all risks and uncertainties that could have
an impact on the forward-looking statements contained in this
communication. In light of the significant uncertainties inherent
in the forward-looking information included herein, the inclusion
of such information should not be regarded as a representation by
the Company or any other person that the Company's expectations,
objectives or plans will be achieved in the timeframe anticipated
or at all. Investors are cautioned not to place undue reliance on
the Company's forward-looking statements, and the Company
undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law. Any
forward-looking statements only speak as of the date of this
document, and we undertake no obligation to update any
forward-looking information or statements, whether written or oral,
to reflect any change, except as required by law. All
forward-looking statements attributable to us are expressly
qualified by these cautionary statements.
Santander Holdings USA, Inc.
(SHUSA) is a wholly-owned subsidiary of Madrid-based Banco Santander, S.A. (NYSE: SAN)
(Santander), one of the most respected banking groups in the world
with more than 125 million customers in the U.S., Europe and Latin
America. As the intermediate holding company for Santander's
U.S. businesses, SHUSA includes six financial companies with more
than 17,500 employees, 5.2 million customers and assets of over
$131.9 billion. These include
Santander Bank, N.A., one of the
country's largest retail and commercial banks by deposits;
Santander Consumer USA Holdings
Inc. (NYSE: SC), an auto finance and consumer lending company;
Banco Santander International of Miami; Banco Santander Puerto Rico; Santander
Securities LLC of Boston; and
Santander Investment Securities Inc. of New York.
FINANCIAL CONTACT:
Andrew Withers
617.757.3524
awithers@santander.us
MEDIA CONTACTS:
Ann Davis
617.757.5891
ann.davis@santander.us
Nancy Orlando
617.757.5765
nancy.orlando@santander.us
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SOURCE Santander Holdings USA,
Inc.