Manchester United Refinance $550 Million Debt with Higher Interest Rate

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Manchester United Refinance $550 Million Debt with Higher Interest Rate

An SEC filing confirmed United increased borrowings to $550 million at 5.36 per cent interest, up from 3.79 per cent. Annual interest payments rise by $13.4 million. The refinanced debt from the Glazer family's 2005 takeover is now due in 2031 instead of 2027. The club's total financial debt stands at $974 million, with transfer debt of $482 million.

By Tanish Chachra

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