He Valencia has closed with Goldman Sachs and loan by value 322 million euros that serve to restructure the debt of the long -term club and that they ensure, as expressly indicated by the club, the FINALIZATION OF NOU Mestallawhose inauguration is planned for Summer of 2027.
The financing consists of two sections: an emission of 28 -year bonds for 237 million of euros and a five -year loan for 85 millionthe latter planned to be reimbursed with the income derived from the sale of the current Stadium of Mestalla, once the new enclosure has been completed.
According to the club, this financial structure allows “to face the project Without compromising economic stability nor the sports and institutional management of Valencia. The operation does not imply direct resources of the club, and It is based on the future income generated by the stadium itselfwhich reduces risk and guarantees a sustainable amortization model. In addition, it contemplates an annual surplus that can be used for corporate needs, ”says Valencia in an official statement.
Thus the Goldman Sachs loan is structured
The indebted operation has been structured as follows
- Bond issuance 28 years, for an amount of 237 million euros
- Subscription of a 5 -year loan for 85 million euros. The short -term loan will be reimbursed with the income from the sale of the land in which the old stadium is located, once the new stadium has been completed
Among the outstanding benefits of this operation, the club defends the advantageous conditions Regarding the cost, amortization deadlines, guarantees and associated clauses. The operation also has, according to sources from the Valencian club, with a BBB credit rating (GRADE Investment), granted by a specialized agency with experience in similar projects in European sports enclosures.
The advantages that the Club about this operation stands out
These the four strengths of the refinancing agreement as reflected in the Valencia statement:
- Efficient financing, without risk of refinancing and very long term, reducing the load of the debt so that the asset itself, charged to its future performance, can comfortably attend the service of the agreed debt.
- Financing without resource on the club, so that the new indebtedness will not compromise financial stability, nor autonomy in the sports and institutional management of Valencia CF.
- Financing with very advantageous terms and conditions in terms of the underlying cost, lack of lack, amortization program, co -pack package (obligations) and associated guarantees
- Financing that will allow the generation of an annual surplus, after attending the programmed debt service, which will be automatically released to meet corporate needs and entity's growth.
The president of Valencia, Kiat Lim, Value the agreement as “a historical milestone” for the entity, in statements provided by the club through the official statement. “Ensuring this financing gives us green light to make the Nou Mestalla come true, A world reference stadium that will boost the growth of the club for generations, “he says.” With this agreement, we are not only building a stadium, We are building the future of Valencia”, indica.
The operation has had the financial advice of Bibium Capital, the legal support of Addleshaw Goddard, the participation of Beka titulization as a fund manager and Goldman Sachs as a structuring agent. In addition, Valencia emphasizes that LaLiga has actively supported the club during the process.
