Tottenham Hotspur FC completes 637 million stg stadium refinancing
- Country:
- United Kingdom
Tottenham Hotspur Football Club has completed a 637 million pound ($798.67 million) stadium refinancing package that included a bond issue to U.S. investors and a term loan, the company said in a statement. The English football club said on Friday it has raised 525 million pounds from an issue of long-term bonds to U.S. investors through a private placement, and another 112 million pounds from a loan from Bank of America Merrill Lynch, who also managed the bond issue.
The refinancing package has an average maturity of 23 years and a weighted average coupon of 2.66%, the club said in a statement. The company was originally targeting to raise 400 million pounds from the bond issue, a source told Reuters last month.
($1 = 0.7976 pounds)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- Bank of America Merrill Lynch
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