NFL Raises Over $600M in Investment-Grade Private Placement

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1. 1The NFL raised more than $600 million in the U.S. investment-grade private placement market.
2. 2In June, its subsidiary NFL Ventures borrowed approximately $338 million, with an additional roughly $300 million raised later through another subsidiary, and Bank of America arranged both transactions.
3. 3Fitch assigned an A+ rating to senior notes issued by NFL Ventures late last year, citing multi-year media contracts and revenue sharing among clubs, along with the collective bargaining agreement with the players' union that includes a mandatory salary cap through 2030.

Source Bloomberg · View original ↗

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