The institution added that it signed the agreement with 20 investors, including Goldman Sachs GS.N and JP Morgan JPM.N.
The Spanish club will pay the money to investors in progressive installments – after five, seven, nine, 20 and 24 years – with a flexible structure, which includes a grace period.
This means that Barça will finish paying off the debt six years earlier than previously agreed, after renegotiating what was initially a 35-year agreement approved in a referendum of club members in 2021.
“The Club will begin to repay the operation once the stadium works have finished, with the income generated by Spotify Camp Nou, which is expected to be approximately 247 million,” Barcelona said in a statement. release on its official website.
The announcement comes 24 days after the previous deadline for reaching an agreement expired on March 31. The club said then that negotiations were still ongoing.
The preliminary debt structure has since been revised, according to the Kroll Bond Rating Agency (KBRA) in a report published on its website.
KBRA said the revised structure included additional refinancing and interest rate risk. As a result, it had downgraded the financing plan from BBB+ to BBB, making it less attractive to investors.
KBRA later said it had converted its preliminary rating from unpublished to published at the request of the club.
The Camp Nou is the largest football stadium in Europe and the fourth in the world by capacity, with 99,354 seats. But Barcelona have said they no longer offer fans a full match day experience.