Houston NFL Holdings to launch $225 million credit facility Nov. 3

By Sara Rosenberg

New York, Oct. 24 - Houston NFL Holdings LP, the group that owns the Houston Texans football team, is scheduled to hold a bank meeting on Nov. 3 for a proposed $225 million credit facility, according to a market source. JPMorgan and Societe Generale are the lead banks on the deal.

The facility consists of a $125 million five-year term loan A with an interest rate of Libor plus 175 basis points and a $100 million six-year term loan B with an interest rate of Libor plus 200 basis points, the source added.

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