Yankees plan $1B refinancing of stadium bonds

Posted online August 31, 2016 | 11:42 am

The New York Yankees are seeking to take advantage of low interest rates to lower borrowing costs on the team's stadium.

The team plans to refinance $1 billion in bonds issued to build Yankee Stadium, which opened in 2009.

The Yankees want to save as much as $10 million a year through the refinancing process.

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