Currently, the Broncos are paying an interest rate in the highsevens, and hope to drop it in the sixes.
By dropping the rate by about a percentage point, the Broncosstand to save an extra $30 million.
The Broncos expect to hire a bond insurer, Ambac Assurance, tohelp them gain a premium, triple-A rating for a lower interestrate.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.