DENVER--(BUSINESS WIRE)--Jan. 9, 2014--
U.S. Bank has closed on a deal with Stadium Management Company to
refinance the 12-year-old home of the Denver Broncos, Sports Authority
Field at Mile High. The $112 million deal makes U.S. Bank the only
lender for the stadium. The original permanent financing for the stadium
was provided in early 2002 by four banks, including U.S. Bank.
“We are thrilled to bring this deal to fruition and provide Stadium
Management Company with a significantly lower rate and better terms,”
said Hassan Salem, president of U.S. Bank in Colorado. “We have been a
partner of the Broncos for many years and are pleased to extend that
relationship with this new financial agreement.”
U.S. Bank became the official bank of the Denver Broncos in 1999 and is
the only bank to offer Broncos Checking, with the Broncos Visa Check
Card and access to unique Broncos promotions. The Broncos and U.S. Bank
partner for a number of community-oriented activities such as On US
Random Acts of Kindness and the Read Like a Pro literacy initiative.
Learn more at www.broncosbanking.com.
U.S. Bank is a proud to be a part of the Denver community. With 80
branches and nearly 2,100 employees, U.S. Bank is the third-largest
retail bank in the market. Last year, its employees gave back by
spending more than 4,300 hours volunteering with local organizations.
Statewide, U.S. Bank provided more than $2.3 million in contributions to
U.S. Bancorp (NYSE: USB), with $361 billion in assets as of Sept. 30,
2013, is the parent company of U.S. Bank, the 5th largest commercial
bank in the United States. The company operates 3,088 banking offices in
25 states and 4,937 ATMs and provides a comprehensive line of banking,
brokerage, insurance, investment, mortgage, trust and payment services
products to consumers, businesses and institutions. Visit U.S.
Bancorp on the web at www.usbank.com.
Source: U.S. Bank
Teri Charest, U.S. Bank Media Relations
(612) 303-0732, email@example.com