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City Football prices $650 million term loan B at Libor plus 350 bps
By Sara Rosenberg
New York, July 16 – City Football Group Ltd. priced a $650 million seven-year term loan B at Libor plus 350 basis points with a 0.5% Libor floor and an original issue discount of 99.5, according to a market source.
Barclays, HSBC Securities (USA) Inc. and KKR Capital Markets are the leads on the deal.
Proceeds will be used for growth investments and infrastructure developments.
City Football is a U.K.-based company that administers association football (soccer) clubs.
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