Tottenham Hotspur have refinanced more than UK£600 million (US$752 million) of loans taken out to support the construction of their new 62,000-seater stadium, reports, www.sportspromedia.com/.

The Premier League club, who moved into their UK£1.2 billion home in April, originally had until 2022 to pay back the UK£637 million (US$798.5 million) they borrowed from Goldman Sachs, Bank of America and HSBC.

However, Spurs will now be able to stagger the payments having completed a private placement in the US, converting roughly UK£525 million (US$657.6 million) of that debt into bonds with an average maturity period of 23 years and an interest rate of 2.66 per cent.

It had been reported that Spurs were hoping to refinance £400 million of debt, but the club said their initial attempt to refinance 'realised extensive support and oversubscription'.

Spurs added in an official statement that the refinancing of their stadium loans has 'successfully repositioned the club's balance sheet' and secured 'financial flexibility for years to come'

"We have continued to develop Tottenham Hotspur in line with prudent financial management and investment into the club's key infrastructure and our fast-growing global brand, successfully matching long-term assets with long-term financing," said Spurs chairman Daniel Levy.

"It is a tribute to the team on and off the pitch that we have achieved what is considered to be one of the most attractive financing deals in the world of sport. Our club is extremely well positioned as we move forward delivering the excitement and entertainment of Premier League and Champions League football, NFL, rugby, concerts and much more."