According to Bloomberg, the stadium had been secured against a loan that has now been replaced by the new bond.
The club took out the mortgage on January 29 with JP Morgan Europe, according to documents filed with UK Companies House. Other assets against which the money has been secured include all club revenues and sponsorship deals.
Debts at United’s parent company Red Football Joint Ventures Ltd reached £716.5 million in the year ending June 2009 and net interest was £68.5 million for the same period.
