The red club is paying a gross fixed interest rate of 5.10% per year. Offer aims to repay the 2021 bond loan (whose repayment is scheduled for July). If there is money left over, it will be used to develop SAD’s “current activities”.
Benfica SAD announced today that it is going to the markets and is issuing seven million bonds, with a unit value of five euros, with the initial objective of financing it in 35 million euros, but which could be increased until April 17th.
The bonds will be issued on April 24th with a repayment date of April 23rd, 2027.
The red club is paying a gross fixed interest rate of 5.10% per year.
The name of the obligations is “Benfica SAD 2024-2027”.
In addition to the issuance, SAD also intends to exchange bonds that had been issued in 2021 (Benfica SAD 2021-2024), “corresponding every Obligation Benfica SAD 2021–2024by way of consideration, 1 Obligation Benfica SAD 2024–
2027 It is interest accrued since January 28, 2024inclusive, up to the Issue Date, exclusive, in the amount of €0.04778 for each Obligation Benfica SAD 2021–2024finding–if this payment subject to taxes, commissions and other charges”.
What is the objective of this broadcast? “A Subscription Offer aims to obtain funds through recourse to the capital market, to repay the loan so-called bondholder “Benfica SAD 2021–2024”in the amount of €35,000,000issued on July 28, 2021 and with refund scheduled to July 28, 2024 It is, in its remnant, if applicableto the development of the current activity of Benfica SAD, as well as The diversification and optimization of financing sources and reinforcement of liquidity. The Exchange Offer aims to allow Benfica SAD
replace part of your debt due in 2024 for debt with maturity in 2027″.
