Institutional investors are in talks on a multi-tranche borrowing package with an average maturity of 17 years, according to people familiar with the matter.
The proposed debt is being marketed with a prospective single-A-minus investment-grade rating, a key factor in pricing and investor demand.
Amid market volatility, is the USTA's $400M private loan a risky gamble for its massive stadium overhaul?
With its 2027 debut approaching, can the US Open's $800M renovation overcome its major construction and logistical hurdles?