Brief: FC Porto Carries Out New Securitisation Operation

Futebol Clube do Porto Futebol SAD

12/02/2024 06:49

Feb 12 (Reuters) - Futebol Clube do Porto Futebol SAD
 FCPP.LS :
    * SAID ON FRIDAY SECURITISATION OPERATION "DRAGON FINANCE
NO. 1"
OF SAGASTA FINANCE, AS ISSUER OF RESPECTIVE BONDS, WAS REPAID IN
FULL ON FEB 9
    * ON THE SAME DAY, NEW SECURITISATION OPERATION "DRAGON
FINANCE
NO. 2" WAS CARRIED OUT, COLLATERALISED BY SAME CREDITS AS
"DRAGON FINANCE NO. 1"
    * CREDITS RELATED TO CONTRACT FOR TRANSFER OF TELEVISION
BROADCASTING RIGHTS FOR MATCHES PLAYED BY MAIN FOOTBALL TEAM AT
HOME IN PRIMEIRA LIGA
    * THIS RESULTED IN AN OVERALL NET INCREASE OF AROUND 54.3
MILLION
EUROS COMPARED TO "DRAGON FINANCE NO. 1" OPERATION
    * NET PROCEEDS FROM THIS OPERATION WILL ALLOW FUTEBOL CLUBE
DO
PORTO – FUTEBOL, SAD TO SETTLE LIABILITIES ARISING FROM ITS
ACTIVITY

        
 Source text: http://tinyurl.com/55pvzrjr
 Further company coverage:  FCPP.LS  

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