Santander Bank says that its commercial banking division closed a $75 million asset-based revolving credit facility on behalf of Wind Turbine & Energy Cables Corp., (WTEC). Santander acted as administrative agent and lead arranger on the credit facility. WTEC is a manufacturer of a wide range of wire, cable and steel products and services for [...]The post Santander Closes $75 Million Deal with Wind Turbine & Energy Cables Corporation appeared first on North American Windpower.
WTEC is a New Jersey-based company that manufactures and supplies electrical cables, wires, and steel products for sectors including energy, industrial, and utility.