JPMorgan Chase (JPM) is working with Sporting Lisbon to raise at least 100 million euros ($117 million) in debt for the Portuguese sports club, Bloomberg reported Tuesday, citing people familiar with the matter.
Sporting Lisbon plans to use the funds to refinance existing loans and support daily operations, though it remains uncertain whether the discussions will result in a debt sale, the report said.
Sporting Lisbon declined to comment, and a JPMorgan spokesperson wasn't immediately available to comment, Bloomberg reported.
JP Morgan and Sporting Lisbon didn't immediately respond to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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