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Tottenham Hotspur FC completes 637 million pound stadium refinancing

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LONDON (Reuters) – Tottenham Hotspur Football Club has accomplished a 637 million pound ($798.67 million) stadium refinancing bundle that included a bond challenge to U.S. traders and a time period mortgage, the corporate mentioned in an announcement.

The English soccer membership mentioned on Friday it has raised 525 million kilos from challenge of long-term bonds to U.S. traders via a non-public placement, and one other 112 million kilos from a mortgage from Bank of America Merrill Lynch, who additionally managed the bond challenge.

The refinancing bundle has a mean maturity of 23 years and a weighted common coupon of two.66%, the membership mentioned in an announcement.

The firm was initially concentrating on to lift 400 million kilos from the bond challenge, a supply advised Reuters final month.

Reporting by Abhinav Ramnarayan


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