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SCP Sporting Clube De Portugal Futebol SAD News Story

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Brief: Sporting SAD Says Credit Securitisation Transaction 'Lion Finance No. 2' Repaid In Full

Oct 24 (Reuters) - Sporting Clube de Portugal Futebol SAD SPSO.LS:

SAID ON THURSDAY, FOLLOWING COMPLETION OF SPORTING ENTERTAINMENT'S BOND ISSUE, CREDIT SECURITISATION TRANSACTION 'LION FINANCE NO. 2' WAS REPAID IN FULL

REPAYMENT IN AMOUNT OF 68.8 MILLION EUROS, WITHOUT ANY ASSOCIATED FINANCIAL CHARGES

'LION FINANCE NO. 2' BASED ON ASSIGNMENT OF RECEIVABLES ARISING FROM NOS TELEVISION RIGHTS ASSIGNMENT CONTRACT TO SAGASTA FINANCE AND SUBSEQUENT ISSUE OF BONDS BY SAGASTA

AS A RESULT, SPORTING SAD AND SPORTING COMUNICACAO E PLATAFORMAS REACQUIRED ALL CREDITS ARISING FROM NOS CONTRACT DUE UNTIL ITS EXPIRY

 Source text nL8N3W40BO
 Further company coverage: SPSO.LS

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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