Morais Leitão advises on €225M bond issue for Sporting SAD

Morais Leitão has advised international investors on a €225 million bond financing issued by Sporting Entertainment, a company wholly owned by Sporting SAD. The issuance aims to finance and refinance the investment associated with the José Alvalade Stadium transformation project, fund the ongoing operations of Sporting Entertainment, and repay existing debt of Sporting SAD.

“This transaction is part of Sporting’s strategic objective to become a global entertainment and lifestyle hub, while also extending the average debt maturity and reducing the average cost of financing”, states Morais Leitão. The issuance was 8.5 times oversubscribed and has received investment-grade ratings (BBB and BBB- from DBRS and Fitch, respectively).

The Morais Leitão team was led by partner Maria Soares do Lago (pictured), with the support of Filipe Lowndes Marques and Anna Zemskaia.