The NBA raises $900m in US private placement market

NBA
By Silas Brown
02 Dec 2020

The US basketball league The National Basketball Association has sold $900m of US private placements, according to market sources, some four months after the National Football League came to the market for $1.7bn.

Bank of America and JP Morgan arranged the deal, which has three and four year tranches. “The NBA has done loads of deals before but this one seems like a liquidity play, much like the NFL a few months back,” said an agent, away from the NBA deal.

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