Baltimore Arena Company LLC

Baltimore Royal Farms Arena Renovation Project Financing

Industry
Infrastructure/Leisure/Stadia
Area of finance
Project & Infrastructure Finance
Region
North America
Countries
United States

Deal Overview

A $130 million Senior Secured Delayed Draw Term Loan Construction Facility to Baltimore Arena Company LLC ("ArenaCo") to reimagine the iconic Baltimore Arena into a world-class sports and entertainment venue. ArenaCo is a special purpose bankruptcy remote entity established to lead the...

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A $130 million Senior Secured Delayed Draw Term Loan Construction Facility to Baltimore Arena Company LLC ("ArenaCo") to reimagine the iconic Baltimore Arena into a world-class sports and entertainment venue. ArenaCo is a special purpose bankruptcy remote entity established to lead the design, construction, financing, and operations of the renovated Arena. ArenaCo is currently owned and operated by the Investor Group currently consisting of OVG, 35V, Fundamental Advisors and Pharrell Williams. 

The renovated Arena will be a 13,000+ seat, reimagined world class concert and entertainment venue. A premier destination for fans and artists, the Arena will showcase renovations, including modernized, state-of-the-art acoustics, superior suites and exclusive club levels, premium contemporary seating, reimagined concourses, upscale culinary experiences in food & beverage selections, and more. It will be a cornerstone of the City of Baltimore, committed to the community, and redeveloped in the heart of Baltimore.

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Deal Volume
$130m
Financial Close
08 June 2022
Sources
Submitted by participant(s)

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Projects

Baltimor Royal Farms (CFG) Arena Renovation Project

Brownfield
Leisure/Stadia
North America
United States
$180m