FILE PHOTO: Soccer Football - Premier League - Tottenham Hotspur v Crystal Palace - Tottenham Hotspur Stadium, London, Britain - April 3, 2019. General view outside the stadium as fireworks are set off before the match Action Images via Reuters/John Sibley
LONDON (Reuters) - Tottenham Hotspur Football Club plans to refinance about 400 million pounds ($485 million) of its stadium debt through bonds issued via a private placement arranged by Bank of America Merrill Lynch (BAML), according to a source familiar with the matter.
The holding company of the English soccer club originally took out a 400 million pound five-year loan from BAML, Goldman Sachs and HSBC in 2017 to finance the construction of its new 62,062-seat stadium.
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