07:16 AM EDT, 09/05/2024 (MT Newswires) -- Banco Santander (SAN) is in talks with investors on a debt deal of between $200 million and $250 million to fund the development of a casino owned by Iowa Tribe of Oklahoma, Bloomberg News reported late Wednesday, citing people familiar with the matter.

The term loan may be offered as much as 9 percentage points over the Secured Overnight Financing Rate, the report said. Pricing discussions are still in the early stages and details may change, Bloomberg said.

Santander did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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