Premier League news

New loan to save Utd £10m a year

May 24, 2013
Manchester United have cut their interest bill by £10million a year after a major refinancing through Bank of America.

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United have refinanced £177.78million of outstanding sterling bonds, on which they are currently paying a rate of 8.75%.

In addition they have refinanced approximately £17million of dollar bonds on which they are currently paying 8.375%.

Through the new ...

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