Banco Santander Renews $25 Billion U.S. Commercial Paper Program

"Davis Polk advised Banco Santander S.A. on the renewal of its $25 billion U.S. commercial paper program. The commercial paper notes will be offered and sold relying on the Section 4(a)(2) exemption from Securities Act registration. Banco Santander is Madrid‑headquartered and operates globally."

Davis Polk advised Banco Santander S.A. in connection with the renewal of its $25 billion U.S. commercial paper program. The renewal covers a $25 billion U.S. commercial paper program under which commercial paper notes will be offered and sold in reliance on the exemption from registration provided by section 4(a)(2) of the U.S. Securities Act of 1933. Headquartered in Madrid, Banco Santander is a leading financial institution by market capitalization in the eurozone and operates globally through a network of subsidiaries across Spain, the United Kingdom, the United States and Brazil, as well as other European and Latin American countries. Davis Polk represented Banco Santander S.A. with a team composed by: partner Pedro J. Bermeo and associate Marcos Sauquet Trias from the corporate team; counsel Alon Gurfinkel and associate Valentin Van de Walle from the tax team. Members of the Davis Polk team are based in the New York and London offices.

Banco Santander Renews $25 Billion U.S. Commercial Paper Program

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