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Eagle Football Seeks to Borrow $300 Million to Help Repay Ares [Yahoo! Finance]
Last ares management corporation class a earnings: 2/13 06:00 am
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US:NYSE Investor Relations: ares-ir.com
to help repay part of a loan from Ares Management Corp. as part of a broader recapitalization plan, people with knowledge of the matter said. Most Read from Bloomberg There Will Soon Be No Meatpackers Left in NYC's Historic Meatpacking District Inside NYC's Playbook for Getting Federal Grant Funds A Courtyard Apartment Building Designed for Southwest Sprawl The Tartarian Candidate Booming Cambridge Exposes England's Widening Wealth Gap The company is working with Toronto-Dominion Bank's TD Cowen unit to gauge appetite from lenders including private credit firms, the people said, asking not to be identified because the information is private. At least some of the proceeds will be used to repay part of a roughly $500 million debt package that Eagle took out from Ares to support the takeover of French team Olympique Lyonnais, according to the people. Eagle may also use some funds from the planned sale of its 40%-plus shareholding in Crystal Palace FC to help repay the Are
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