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JPMorgan, Santander Lead £1.1 Billion Loan for Drax Solar Deal

Bloomberg Markets Friday 18 September 2026, 08:37 UTC By Eleanor Duncan and Claire Ruckin 1 min read
Key Points

JPMorgan, Santander Lead £1.1 Billion Loan for Drax Solar Deal Banks including JPMorgan Chase & Co. and Banco Santander SA are leading a debt financing of more than £1 billion to fund Drax Group Plc’s purchase of renewable energy company Bluefield Solar Income Fund. The two banks, along with NatWest Group Plc, have put £1.1 billion ($1.5 billion) in bridge funding in place for the acquisition, according to people familiar with the matter.

JPMorgan, Santander Lead £1.1 Billion Loan for Drax Solar Deal Banks including JPMorgan Chase & Co. and Banco Santander SA are leading a debt financing of more than £1 billion to fund Drax Group Plc’s purchase of renewable energy company Bluefield Solar Income Fund. The two banks, along with NatWest Group Plc, have put £1.1 billion ($1.5 billion) in bridge funding in place for the acquisition, according to people familiar with the matter.
JPMorgan (ORG) Santander Lead £ (ORG) Drax Solar Deal JPMorgan (ORG) Drax Solar Deal Banks (ORG) JPMorgan Chase & Co. (ORG) Banco Santander SA (ORG) Drax Group Plc’s (ORG) Bluefield Solar Income Fund (ORG) NatWest Group Plc (ORG)
Originally published by Bloomberg Markets Read original →

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