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Santander Bank Partners with WTEC to Provide $345 Million Credit Facility for Growth.

PRIVATEOct 02, 2026

Amount Raised

$345 Million

Round Type

Debt Financing

New JerseyManufacturingEnergyRenewable EnergySolar

Description

Santander Bank has closed a $345 million asset-based revolving credit facility for WTEC, aimed at enhancing the company's working capital for growth. This partnership emphasizes Santander's commitment to supporting WTEC in expanding across various sectors including renewable energy and data infrastructure.

Company Information

Company

WTEC

Location

New Jersey, United States

About

WTEC is a manufacturer based in New Jersey focusing on renewable energy, grid modernization, and data center infrastructure. The company aims to innovate and expand its services in response to growing market demands. They prioritize investment in customer service and technological advancements.

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WTEC raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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