💰 Barça refinance Camp Nou debt, raise €424 million through bonds | OneFootball

FC Barcelona has announced the issuance of bonds worth 424 million to refinance debt from Espai Barça

FC Barcelona has reported today the issuance of bonds worth 424 million euros, in collaboration with Goldman Sachs. This operation aims to refinance part of the debt linked to the Espai Barça project, which initially expired in 2028, extending the repayment term until 2050 and reducing the club's financial pressure. The average cost of these new bonds is 5.19%, a figure that reflects the club's creditworthiness and market confidence.

The objective of this issuance is to find a gradual balance in debt repayment, respecting the plan approved in the 2023 referendum: without guarantees on the stadium, without mortgaging the club's assets, and without compromising the members. Thanks to this operation, Barcelona anticipates a substantial decrease in the risk associated with this debt and an improvement in its financial ratios, which has motivated the recent revision of the credit rating from "stable" to "positive" by the Morningstar DBRS agency.

The initiative comes at a crucial moment for the entity, which seeks to comply with LaLiga's regulations (1:1 rule) to be able to register new players. Especially relevant in the context of the possible signing of Nico Williams, about which there are doubts in Athletic Club and LaLiga regarding Barça's ability to assume salary costs and the corresponding clause.

With this financial maneuver, Barça bets on increasing its room for maneuver in sports matters without losing long-term economic stability. Additionally, the choice of semi-annual issuance guarantees a controlled pace in debt amortization.

This article was translated into English by Artificial Intelligence. You can read the original version in 🇪🇸 here.

📸 JOSEP LAGO - AFP or licensors