He Real Betisin collaboration with your financial advisor Bibium Capitalhas reached a financing agreement with the investment bank Goldman Sachs worth 125 million, which will greatly improve the institution’s liabilities, in addition to providing it with sufficient liquidity, solvency and financial depth for the coming years, the Verdiblanco club reported this Monday through a statement.
This alliance will allow the restructuring of the debt, of a senior secured nature, with a maturity period of 10 years, principal grace period of 3 years, average life of approximately 8 years – including a bullet payment at a maturity of 50% of the nominal amount of the loan- and underlying cost, which includes a very favorable annual interest rate.
In this way, the Club fully refinances its previous debt – more expensive and ineffective – and obtains additional resources to comfortably meet ordinary working capital and other anticipated corporate needs. Furthermore, the package of obligations (covenants) of the new financing maintains flexibility and autonomy in the future management of the Club, even allowing for its expansion if necessary.
Federico Martínez Feria, corporate general director of Real Betisappreciate the “beneficial conditions” of this loan. “This agreement allows for the restructuring of the debt. We group loans contracted under previous short-term market conditions and with interest rates at the moment – higher than the current – into a single long-term loan and on very favorable conditions for us The previous step for financial consolidation was the increase of capital, which allowed us to improve the situation to access the capital market at the best conditions, which indicate long-term financing capacity, with significantly reduced interest rates, resulting in less effort for the Club when it comes to debt servicing, freeing up resources for other priorities place for the club. Real Betis“he noticed.
Besides, Martinez Fair He emphasized the fulfillment of the roadmap outlined by the Strategic Plan for the financial consolidation of the Club, where the Stadium is a key factor for generating revenue. “In the Strategic Plan we also included the optimization of costs and the increase of income in new business lines. Here the Stadium is a main pillar that will allow us to increase this income. It will have independent financing that will be paid with the revenue increases that will be generated and, therefore, will not affect the restructuring of the debt,” he clarified.
Source: La Verdad
I am Shawn Partain, a journalist and content creator working for the Today Times Live. I specialize in sports journalism, writing articles that cover major sporting events and news stories. With a passion for storytelling and an eye for detail, I strive to be accurate and insightful in my work.
