Photographer: Rob Tringali/MLB Photos via Getty Images

New York Yankees Plan $1 Billion Refinancing of Stadium Bonds

  • Debt was sold in 2006, 2009 to finance 50,787-seat facility
  • Moody’s upgraded stadium bonds credit rating in June

The New York Yankees are seeking to become the latest professional sports club in the region to take advantage of record-low interest rates to lower borrowing costs by refinancing about $1 billion of bonds issued to build the team’s new stadium.

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