Market Chatter: JPMorgan, Santander, NatWest Provide Loan for Drax's Bluefield Solar Income Fund Acquisition

06:21 AM EDT, 09/18/2026 (MT Newswires) -- JPMorgan Chase (JPM), Banco Santander (SAN) and NatWest (NWG) are providing 1.1 billion British pounds ($1.47 billion) in bridge funding for Drax's acquisition of renewable energy firm Bluefield Solar Income Fund, Bloomberg reported Friday, citing people familiar with the matter. The loan, led by JPMorgan and Banco Santander, will enable Drax to add solar and wind assets to its portfolio, the report said. The banks plan to sell the debt to institutional investors later this year or in early 2027, and Drax may also look into refinancing outstanding debt, the unnamed sources reportedly said. Drax, JPMorgan, Santander and NatWest did not immediately respond to requests for comment from MT Newswires. (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.)