The New York Mets are close to refinancing a $250 million loan, the New York Post reported, citing unidentified people with knowledge of the situation.
The arrangement, with Bank of America Corp. (BAC:US), will probably close before the end of March, the newspaper said.
The Mets will pay a little less than 4 percent for the seven-year facility, the Post reported.
Saul Katz and Fred Wilpon, who own the Major League Baseball team, won’t be asked to inject cash into the team to complete the refinance, the newspaper said.
To contact the editor responsible for this story: Dex McLuskey at email@example.com