07:31 AM EDT, 09/26/2024 (MT Newswires) -- BlackRock ( BLK ) has signed a memorandum of understanding to invest up to $1 billion per year in select project, energy and infrastructure debt investment opportunities with Santander, through structured transaction formats, the companies said Thursday.

The deal follows an initial transaction in which BlackRock ( BLK ) agreed to provide financing on a $600 million infrastructure credit portfolio from Santander, the companies said.

Price: 941.81, Change: +5.01, Percent Change: +0.53