Barcelona Restructures Stadium Debt To Postpone Repayment Deadline

‎Barcelona announced on Friday that they are issuing €424 million (approximately $498 million) in bonds as part of a debt restructuring deal related to the Camp Nou stadium renovation.

‎This arrangement allows the club to delay the first repayment from 2028 to 2033.

‎In 2023, the Spanish football club secured €1.45 billion ($1.70 billion) in financing from 20 investors, including Goldman Sachs and JP Morgan, to upgrade its aging stadium.

‎The club plans to partially reopen Camp Nou with a friendly match scheduled for August 10.

‎Goldman Sachs acted as the financial adviser in the transaction. The restructuring of a €424 million debt tranche will allow the full repayment to be postponed from 2033 to 2050.

‎Under the original 2023 deal, the club had been due to pay back investors in progressive tranches after five, seven, nine, 20, and 24 years.

‎”The club is fulfilling the necessary steps to ensure a gradual and staggered repayment,” Barcelona said. The average cost of the refinanced amount stands at 5.19%.

‎Barcelona anticipates that the renovated stadium will increase annual revenues by over €200 million, generated through sponsorships, naming rights, ticket sales, catering, VIP services, and events.