Mount Street appointed as Creditors’ Representative and Agent on €1.45 billion financing package for FC Barcelona’s Spotify Camp Nou development

  • Leo Jesus
  • September 25, 2023

Represents Mount Street’s largest single mandate win in 2023

London – 25 September 2023 – Mount Street Group (‘Mount Street’), the leading global thirdparty loan servicing and credit asset management firm,announces that it has been selected as
Creditor Representative and Agent of the €1.45 billion financing package, arranged by Goldman
Sachs, to fund Futbol Club Barcelona’s (‘FC Barcelona’ or ‘the Club’) ‘Espai Barça’ development.


The appointment is the largest single mandate win this year for Mount Street, which was selected
for its unique offering and deep expertise across both development financing and bond servicing.


The Espai Barça project will transform the FC Barcelona facilities, substantially improving and
expanding the Club’s infrastructure. The project is anchored by the development of the Spotify
Camp Nou, which will be significantly modernised, increasing the capacity to 105,000 spectators.


The Club agreed a €1.45bn financing package with a range of investors, a figure that covers the full
cost of the works for Espai Barça and fulfils the criteria to begin work on renovating Spotify Camp
Nou. The financing package was made with some of the most prestigious financial entities around
the world and follows a progressive instalment pay schedule with a flexible structure including a
grace period. The Club will begin repayment once the work has been completed, using income
generated from Spotify Camp Nou which is forecasted to be around €247mn per year.


Paul Lloyd, Chief Executive Officer at Mount Street, commented:
“This is a significant mandate win for our business, and we are thrilled to be advising on FC
Barcelona’s monumental Espai Barça project. As Mount Street’s largest single mandate win this
year, this project is the latest endorsement of to the depth and breadth of our comprehensive
service offering.


Mount Street will play a crucial multi-purpose role in this project, acting on behalf of numerous
institutional investors as a Credit Representative and as an Agent on a loan which forms part of
the financing. We are pleased that the unique combination of our differentiated capabilities within
development finance and loan servicing set us apart and we look forward to working with the FC
Barcelona team to bring what will undoubtedly be one of the world’s best sporting campuses to
fruition.”

-Ends-

Download
More: