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Volume 24 No. 156
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Sources: Mets Looking To Banks For Help In Managing Franchise's Debt

Sources said that the Mets are “talking to banks to find a way to raise cash.” Under one option, the team’s RSN, SNY, would refinance its existing $450M loan and borrow “more toward paying off some of the team’s heavy bank debt and toward other possible purposes, like day-to-day operating expenses or the twice-a-year payments” on Citi Field’s bonds (N.Y. TIMES, 10/6).