Brief: Sporting SAD Says Securitisation Operation Repaid In Full, New Securitisation Operation Carried Out

Sporting Clube De Portugal Futebol SAD

28/12/2023 07:25

Dec 28 (Reuters) - Sporting Clube de Portugal Futebol
SAD  SPSO.LS :
    * SAID ON WEDNESDAY SECURITISATION OPERATION "LION FINANCE
NO. 1"
OF SAGASTA FINANCE WAS REPAID IN FULL ON DECEMBER 22
    * NEW CREDIT SECURITISATION OPERATION "LION FINANCE NO. 2"
WAS
CARRIED OUT, COLLATERALISED BY SAME CREDITS AS "LION FINANCE NO.
1", RESULTING IN OVERALL NET INCREASE OF AROUND 50.1 MLN EUROS
COMPARED TO "LION FINANCE NO. 1" OPERATION
    * TOTAL AMOUNT ISSUED BY SAGASTA CURRENTLY STANDS AT 113.9
MLN
EUROS, OF WHICH 95.2 MLN EUROS IS ALLOCATED TO SPORTING SAD AND
18.7 MLN EUROS TO SPORTING COMUNICACAO E PLATAFORMAS
    * NET PROCEEDS FROM THIS OPERATION ENABLED SPORTING SAD TO
RESTRUCTURE ITS BANK DEBT, EXTINGUISHING DEBT ORIGINALLY
BELONGING TO NOVO BANCO (WITH AN OUTSTANDING CAPITAL OF 35.4 MLN
EUROS), WITH EXCEPTION OF FINANCE LEASES

        
 Source text: http://tinyurl.com/y4bva568
 Further company coverage:  SPSO.LS  

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