"Morais Leitão Advises on €225 Million Bond Financing for Sporting Entertainment's Stadium Transformation"

"Morais Leitão has advised international investors on a €225 million bond financing for Sporting Entertainment, a subsidiary of Sporting SAD. The funds will be used for the transformation of the José Alvalade Stadium, ongoing operations, and debt repayment. The bond issuance was highly successful, being 8.5 times oversubscribed and receiving investment-grade ratings. The team was led by partner Maria Soares do Lago."

**Law Firms Involved in the Transaction:** Morais Leitão advised international investors in a €225 million bond financing transaction involving Sporting Entertainment, a company wholly owned by Sporting SAD. **Transaction Overview:** The bond issuance aims to finance and refinance the investment associated with the transformation project of the José Alvalade Stadium, support the ongoing operations of Sporting Entertainment, and repay existing debt of Sporting SAD. This strategic move is part of Sporting's objective to establish itself as a global entertainment and lifestyle hub, while also extending the average debt maturity and reducing the average cost of financing. The issuance was notably oversubscribed by 8.5 times and received investment-grade ratings of BBB and BBB- from DBRS and Fitch, respectively. **Legal Team:** The Morais Leitão team was led by partner Maria Soares do Lago, with support from Filipe Lowndes Marques and Anna Zemskaia.

"Morais Leitão Advises on €225 Million Bond Financing for Sporting Entertainment's Stadium Transformation"

Read the full story

Cookie Preferences

Strictly Necessary

Analytics & Statistics

Marketing & Ads