"Sporting SAD Completes €225 Million Bond Placement and Corporate Restructuring"

**Law Firms Involved in the Transaction:** PLMJ advised Sporting SAD and its subsidiary Sporting Entertainment, while Morais Leitão represented the international investors in the bond placement. **Transaction Overview:** Sporting SAD and Sporting Entertainment have successfully completed a significant corporate and financial restructuring, which included the reorganization of the commercial operations of Estádio José Alvalade and the Alvaláxia Shopping Centre. This restructuring culminated in a €225 million private placement of bonds with U.S. institutional investors, organized by J.P. Morgan. The 28-year bond, with a fixed interest rate of 5.75%, is intended to finance investments related to the Estádio José Alvalade transformation project, support the ongoing operations of Sporting Entertainment, and repay existing debt of Sporting SAD. The issuance was notably oversubscribed by 8.5 times and received investment-grade ratings from DBRS (BBB) and Fitch (BBB-). **Legal Teams and Lawyers:** PLMJ's multidisciplinary team was led by partners Gonçalo dos Reis Martins (banking and finance, capital markets) and Tomás Almeida Ribeiro (corporate M&A). The team also included: - João Terrinha (banking and finance, capital markets) - Kathleen Barley (banking and finance, capital markets) - Tiago Jesus Bento (banking and finance, capital markets) - Diogo Angeiras Leitão (banking and finance, capital markets) - Leonor Melo Bento (corporate M&A) - Tiago Belinha (corporate M&A) - Francisco Lino Dias (real estate and tourism) - Maria Sanches Afonso (real estate and tourism) - Dinis Tracana (tax) - Hugo Monteiro de Queirós (intellectual property) Morais Leitão's team was led by partner Maria Soares do Lago, supported by: - Filipe Lowndes Marques - Anna Zemskaia

"Sporting SAD Completes €225 Million Bond Placement and Corporate Restructuring"

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