BOSTON, March 29, 2017 /PRNewswire/ -- Santander
Bank, N.A. (the "Bank"), a wholly-owned subsidiary of Santander
Holdings USA, Inc. ("SHUSA"),
today announced the completion and final results of its cash tender
offers (each, an "Offer") for any and all of its outstanding (i)
2.00% Senior Notes due 2018 and (ii) Senior Floating Rate Notes due
2018 (collectively, the "Notes"). The Bank has been advised
that the aggregate principal amounts specified in the table below
have been validly tendered and not validly withdrawn pursuant to
the Offers:
Security
|
|
CUSIP
|
|
Outstanding
Principal
Amount
|
|
Aggregate
Principal
Amount Validly
Tendered and Not
Validly Withdrawn
|
2.00% Senior Notes
Due 2018
|
|
80280JDB4
|
|
$750,000,000
|
|
$672,947,000
|
|
|
|
|
|
|
|
Senior Floating Rate
Notes Due 2018
|
|
80280JDC2
|
|
$250,000,000
|
|
$208,086,000
|
The Offers were made pursuant to an Offer to Purchase and a
Notice of Guaranteed Delivery, each dated March 22, 2017, which contain detailed
information concerning the terms of the Offers.
The Offers expired at 5:00 p.m.,
New York City time, on
March 28, 2017 (the "Expiration
Date"). The Bank has accepted for payment all Notes validly
tendered and not validly withdrawn, and such Notes will be paid for
on the initial payment date, which is expected to be today,
March 29, 2017.
J.P. Morgan Securities LLC and Santander Investment Securities
Inc. acted as dealer managers for the Offers, and D.F. King & Co., Inc. is serving as the
tender agent and information agent. Requests for documents
may be directed to D.F. King &
Co., Inc. by telephone at +1-212-269-5550 (banks and brokers) or +1
800-820-2416. Questions regarding the Offers may be directed
to J.P. Morgan Securities LLC at +1 866-834-4666 or collect at +1
212-834-3424 or Santander Investment Securities Inc. at +1
855-404-3636 or collect at +1 212-940-1442.
Copies of the Offer to Purchase and related Notice of Guaranteed
Delivery are available at the following web address:
www.dfking.com/santander.
Neither the Offer to Purchase or the Notice of Guaranteed
Delivery nor any related documents have been filed with the U.S.
Securities and Exchange Commission, nor have any such documents
been filed with or reviewed by any federal or state securities
commission or regulatory authority of any country. No
authority has passed upon the accuracy or adequacy of the Offer to
Purchase or the Notice of Guaranteed Delivery or any related
documents, and it is unlawful and may be a criminal offense to make
any representation to the contrary.
This announcement is not an offer to purchase or a solicitation
of an offer to purchase. The Offers were made solely by the
Bank pursuant to the Offer to Purchase and the Notice of Guaranteed
Delivery. The Offers were not made to, nor will the Bank
accept tenders of Notes from, holders in any jurisdiction in which
the Offers or the acceptance thereof would not be in compliance
with the securities or blue sky laws of such jurisdiction.
Santander Bank, N.A. is
one of the country's top retail and commercial banks by deposits
and a wholly owned subsidiary of Banco Santander, S.A. - one of the
most respected banking groups in the world. With its corporate
offices in Boston, Santander Bank's more than 675 branches and
nearly 2,100 ATMs are principally located in Massachusetts, New
Hampshire, Connecticut,
Rhode Island, New York, New
Jersey, Pennsylvania and
Delaware. The Bank's 9,400
employees are committed to helping our 2.1 million customers make
progress toward their financial goals with the support of our call
centers, interactive online banking platform and easy-to-use mobile
app. Madrid-based Banco Santander
(NYSE: SAN) serves more than 125 million customers in the U.K.,
Europe, Latin America and the U.S. Through its local
affiliates, including Santander
Bank, Banco Santander is the largest corporate contributor
to higher education in the world, investing over $165 million annually in colleges and
universities across more than 20 countries, including the U.S. For
more information on Santander Bank,
please visit www.santanderbank.com.
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 Bank's statements regarding the Offers. 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 the Annual Report on Form 10-K
SHUSA files 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
SHUSA's filings with the SEC. New risks and uncertainties
emerge from time to time, and it is not possible for the Bank to
predict all risks and uncertainties that could have an impact on
the forward-looking statements contained in 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 Bank
or any other person that the Bank'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 Bank's forward-looking statements, and the Bank 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.
FINANCIAL CONTACTS:
Juan
Carlos Alvarez
617.757.3520
jalvare1@santander.us
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 Bank, N.A.