As a market pioneer, Holtecs aims to deliver technologies that help safeguard the people's health and welfare and protect the environment.

FREMONT, CA: Santander Bank reported that its Commercial Banking division has closed a 100 million dollar credit facility on behalf of Holtec International (Holtec), a privately-owned energy technology firm.

Santander Bank is one of the largest retails and commercial banks and an active supplier of finance, treasury, risk management, and international solutions. Holtec specializes in the procurement of technology and facilities for a range of applications, including the decommissioning of electrical and industrial infrastructure and high-level waste disposal. It also offers thermal transfer facilities and supplies, state-of-the-art custom manufacturing, and engineering and consultancy services.

“It has been a privilege to partner with Holtec, a leading energy firm, to help grow its business domestically and globally,” said Joseph Sigle, Executive Director, Mid-Atlantic Middle Market Banking at Santander Bank. “We look forward to supporting Holtec by leveraging local insights in the U.S., as well as our international network and capabilities through the Banco Santander organization.”

Established in 1986 by Dr. Krishna Singh, Holtec is also regarded as an innovator and market pioneer in the dry storage and transport of nuclear fuel. With more than 120 U.S. and international patents, Holtec has a comprehensive patent portfolio that allows the organization to sell products and facilities to more than 115 nuclear reactors worldwide.  As a market pioneer, Holtecs aims to deliver technologies that help safeguard the people's health and welfare and protect the environment. “Santander’s global network and capabilities align with our international growth, enabling us to open accounts for our overseas subsidiaries and access in-country treasury services,” said Dr. Singh. “We look forward to continuing our relationship with Santander in the U.S. and beyond as we continue to grow.”