Currently, the Broncos are paying an interest rate in the high sevens, and hope to drop it in the sixes.

By dropping the rate by about a percentage point, the Broncos stand to save an extra $30 million.

The Broncos expect to hire a bond insurer, Ambac Assurance, to help them gain a premium, triple-A rating for a lower interest rate.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.