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Tottenham Hotspur FC completes 637 million pound stadium refinancing [Reuters]

Bank of America Corporation (BAC) 
Last bank of america corporation earnings: 4/15 06:45 am Check Earnings Report
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Company Research Source: Reuters
Tottenham Hotspur FC completes 637 million pound stadium refinancing - Reuters 1 Min Read LONDON (Reuters) - 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 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. Reporting by Abhinav Ramnarayan All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reser Show less Read more
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