Friday 17 June 2011

London 2012 Olympic Games, laughing at the O2 Arena debt loan refinance plan

Billionaire Philip Anschutz controlled by London's O2 arena, a new 150 million pounds ($246 million) loan and equity injection from its owner with plans to refinance, according to a person familiar with the situation.

London 2012 Olympics venue by 450 basis points over the London interbank offered interest rate for seven year term loan deal because he refused to be identified is personal, he proposed that. A basis point is 0.01 percentage point.

The person said that Credit Suisse Group AG is the management of refinancing, lenders in London on June 16 are invited to meet with a bank. Michael Roth, Anschutz Entertainment America spokesman was not available to comment outside of business hours.

According to website that the London's O2 arena, gymnastics and basketball finals at the 2012 Olympics including stars from the events Lady Gaga, Rolling Stones and Led Zeppelin.

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