Market Chatter: Santander, NatWest, JPMorgan Back Drax's Bluefield Solar Deal with GBP1.1 Billion Loan

06:36 AM EDT, 09/18/2026 (MT Newswires) -- Banco Santander (BNC.L, SAN.MC), NatWest Group (NWG.L) and JPMorgan Chase & Co. agreed to provide a 1.1 billion-pound-sterling bridge loan to finance Drax Group's (DRX.L) acquisition of Bluefield Solar Income Fund, Bloomberg News reported Friday, citing sources. The lenders plan to sell the debt to institutional investors in late 2026 or early 2027, according to people familiar with the matter. UK power generation company Drax may also seek to refinance outstanding debt, the report added. Santander, NatWest and JPMorgan did not immediately respond to MT Newswires' requests 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.)