Warriors, Uber Secure $600M Refinancing Of Chase Center Towers
The Golden State Warriors and Uber have refinanced the Chase Center Towers in San Francisco\'s Mission Bay neighborhood.
The five-year, fixed-rate and interest-only loan will refinance around $314.6 million of existing debt, pay upfront reserves and closing costs and return roughly $202.3 million in equity to the sponsors, according to Fitch Ratings, which analyzed the transaction.
The Warriors and Uber each have 45 percent interests in the joint venture.
The Chase Center Towers act as an extension of the Warrior’s brand new $1.4 billion Mission Bay arena, Chase Center.
Uber’s new four-building office campus will feature more than 1.0 million square feet and will service over 7,000 employees.
