Tottenham Hotspur ups private placement deal to £525m

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By Silas Brown
02 Sep 2019

London football club Tottenham Hotspur FC has sold £525m of US private placements, according to sources familiar with the situation, to pay off bank loans which funded the construction of its new stadium.

The transaction, arranged by Bank of America alongside HSBC and Goldman Sachs, was sold to institutional investors in tenors of 15, 20, 25 and 30 years. Coupons ranged between 2.6% and 2.9%, according to one person familiar with the deal.

In May 2017, the football club signed a ...

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