Deal details

Baltimore Royal Farms Arena Renovation Project Financing


A $130 million Senior Secured Delayed Draw Term Loan Construction Facility to Baltimore Arena Company LLC ("ArenaCo") to reimagine the iconic Baltimore Arena into a world-class sports and entertainment venue. ArenaCo is a special purpose bankruptcy remote entity established to lead the design, construction, financing, and operations of the renovated Arena. ArenaCo is currently owned and operated by the Investor Group currently consisting of OVG, 35V, Fundamental Advisors and Pharrell Williams.The renovated Arena will be a 13,000+ seat, reimagined world class concert and entertainment venue. A premier destination for fans and artists, the Arena will showcase renovations, including modernized, state-of-the-art acoustics, superior suites and exclusive club levels, premium contemporary seating, reimagined concourses, upscale culinary experiences in food & beverage selections, and more. It will be a cornerstone of the City of Baltimore, committed to the community, and redeveloped in the heart of Baltimore.

Assets involved

Companies involved

  • MUFG, First Horizon Bank, Black Bank Fund, Truist Bank, Bell Bank, Comerica Bank
  • MUFG
  • Oak View Group, 35 Ventures, Fundamental Advisors
  • Comerica Bank
  • Truist Bank
  • Choate, Hall & Stewart LLP
  • Winston & Strawn

Key information

Baltimore Arena Company LLC



Social infrastructure / Leisure/Stadia

United States

Project & Infrastructure Finance


Tranche information

Term Loan


US Dollar - USD


5.0 years