BOSTON, March 22, 2017 /PRNewswire/ -- Santander
Holdings USA, Inc. (the "Company")
announced today that it has priced $1,000,000,000 in aggregate principal amount of
3.70% senior unsecured notes due 2022 (the "Notes") in a private
offering exempt from the registration requirements of the
Securities Act of 1933, as amended (the "Securities Act"). The
Company expects to use the net proceeds from the offering for
general corporate purposes. The Notes offering is expected to close
on March 27, 2017. The closing is
subject to 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.
Santander Holdings USA, Inc.
(SHUSA) is a wholly-owned subsidiary of Banco Santander, S.A.
(NYSE: SAN) (Santander), a global retail and commercial bank with
more than 125 million customers worldwide. As the intermediate
holding company for Santander's U.S. businesses, SHUSA
includes multiple companies with nearly 17,000 employees, 5.1
million customers and assets of over $142.2
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), a national
vehicle finance and consumer lending company; Banco Santander
International of Miami; Banco
Santander Puerto Rico and Santander Securities LLC of Puerto Rico; and Santander Investment
Securities Inc. of New York.
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.
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 Holdings USA,
Inc.