• Club secure new loan from Bank of America at lower rates• United refinance more than £192m of high-interest debt Manchester United say they have refinanced more than £192m of high-interest debt, cutting the club's interest costs by around £10m a year. Fresh from winning a 20th league title, United said in a statement that they have secured a new loan from Bank of America with far lower interest rates. United have refinanced £177.78m of outstanding 8.75% interest sterling bonds and $22....
Manchester United refinance debt to cut interest costs by £10m a year
The Guardian - 23 May 2013 23:50
• Club secure new loan from Bank of America at lower rates• United refinance more than £192m of high-interest debt Manchester United say they have refinanced more than £192m of high-interest debt, cutting the club's interest costs by around £10m a year. Fresh from winning a 20th league title, United said in a statement that they have secured a new loan from Bank of America with far lower interest rates. United have refinanced £177.78m of outstanding 8.75% interest sterling bonds and $22....
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