An English soccer team just tapped the booming private placement market — and Bank of America says it’s part of a growing sports trend

This story requires our BI Prime membership. To read the full article,English Premier League soccer club Tottenham Hotspur have refinanced the debt on their new stadium via the lucrative US private placement market and a loan with Bank of America.

Tottenham will see the maturities on their debt extended and the average interest rate fall in a successful move for the team.English Premier League soccer club Tottenham Hotspur may not have had much success on the field in terms of trophies in recent years, but off it, they've scored a top deal.

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An English soccer team tapped the booming US private placement market — Bank of America it's part of a growing sports trendLast season's losing Champions League finalists have completed a multi tranche refinancing of the long-term debt on the club's new stadium.
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