Ted Leonsis

Leonsis reportedly refinances Caps debt with $100M loan


Some exciting financial news that’s sure to get you out of your chair:

Washington Capitals owner Ted Leonsis has reportedly refinanced his hockey club’s debt with a sizeable loan, according to Forbes.

Leonsis, 56, is the founder, majority owner, chairman and CEO of Monumental Sports & Entertainment, a group that owns the Capitals, the NBA’s Washington Wizards, the WNBA’s Washington Mystics and the arena all three teams call home — the Verizon Center.

As for Leonsis’ Caps-related debt and loan, here’s more from Forbes’ Mike Ozanian:

Sources have told me that Ted Leonsis refinanced the debt on his hockey team last month with a $100 million package led by Citigroup. The loan was oversubscribed, meaning more people wanted to buy the debt than was available. And the refinancing was bigger than the previous loan, thereby increasing the amount of debt on the hockey team.

Leonsis bought the Capitals for $85 million in 1999 and we valued the team at $250 million last November.

Ozanian notes the NHL in general appears to be taking on more debt, something PHT wrote yesterday in a report that the league had increased its credit facility.

According to Bloomberg, the facility was raised from $400 million to $600 million:

The league also received a better rate on the agreement with Citigroup Inc. (C), which was completed last month. The new facility is priced at the London interbank offered rate, or Libor, plus 250 basis points. The previous facility was $400 million at Libor plus 300 basis points.

Professional sports leagues create loan pools by using collateral such as national broadcast contracts to secure credit at better terms than most teams could individually.

The NHL declined to comment on the report.

Julien explains comments about Lundqvist’s ‘acting’

Claude Julien

We’re now over two days removed from last Friday’s tilt between the Bruins and the Rangers, but the coaches from both teams seem unwilling to move on.

Moments after that game, Claude Julien claimed that Henrik Lundqvist did some “acting” on the ice to sell a goalie interference call on Brad Marchand.

On Saturday, Alain Vigneault fired back by saying that Julien needed to get his eyesight checked. Vigneault also compared Aaron Rome’s hit on Nathan Horton in the 2011 Stanley Cup final to Matt Beleskey’s hit on Derek Stepan in Friday’s game.

Now it was Julien’s turn to address the “issue” at hand.

Julien clarified his original comment about Lundqvist and he also tackled some of Vigneault’s comments.

“I think it’s pretty obvious what I said . . . I thought Lundqvist sold it,” said Julien. “Not for a second did I ever question Henrik Lundqvist as a person, or a goaltender or any of that. We all know how good he is as a goaltender, and I know he’s a good person. I’ve met him at the All-Star games and all that stuff.

Julien on his eyesight: “As far as my eyes, I’m not the one that compared Beleskey’s hit to Aaron Rome’s [hit]. We’ll just leave it at that.”

It’s time for both sides to move on.

Good news: Colaiacovo traveling with Sabres

Leave a comment

It was a scary sight.

Carlo Colaiacovo fell to his hands and knees after taking a cross-check to the throat from Predators forward Viktor Arvidsson (above).

Arvidsson received a five-minute major and a game misconduct, while Colaiacovo suffered a dented trachea on the play.

After the game, both Dan Bylsma and Peter Laviolette agreed that there was no malicious intent on Arvidsson’s part.

“I don’t think there was intent there to maliciously cross-check,” Bylsma said. “They kind of lose the puck, turn and his stick is right at that level and delivers a blow. When you look at it, it’s a pretty stiff cross-check to Carlo’s neck.”

“It was tough for Arvidsson,” said Laviolette. “I don’t think he had any bad intentions. He just ran into somebody and the stick got caught a little bit high, but just a tough turn of events.”

The Sabres defenseman left the game and was treated at a nearby hospital, but there is some good news to report.

According to the Buffalo News, Colaiacovo was released from hospital and he was able to travel to Detroit with his teammates.

It’s unclear how long he’ll be out.

Start the Carr: Habs recall another player from the minors

Leave a comment

There’s been a lot of movement between Montreal and Saint John’s lately and that continued on Sunday.

This time, it’s forward Daniel Carr who’ll be getting a stint with the big club.

Carr has no prior NHL experience.

The 24-year-old spent four years at Union College before joining the Canadiens organization as an undrafted free agent.

In his first season as a pro, Carr scored 24 goals (led the team) and 39 points in 76 AHL games with the Hamilton Bulldogs in 2014-15.

This year, Carr has seven goals and 15 points in 20 games.

Montreal is without forwards Torrey Mitchell, Brendan Gallagher and Alexander Semin.

Campbell’s perfect snipe sinks Wings in OT


Brian Campbell doesn’t score as many points as he used to, but he came up with a huge goal against the Red Wings on Sunday afternoon.

With the game tied, 1-1, in overtime, Campbell skated into the slot and beat Petr Mrazek with a perfect wrister to end the game.

It was also a pretty nice passing play between Jussi Jokinen, Jonathan Huberdeau and Campbell.

Dylan Larkin opened the scoring in the second period before Reilly Smith leveled the score with just over five minutes remaining.

The Wings have blown a lead in three straight games.

Detroit was up 2-0 and 3-2 in their last game, against Edmonton, before they finally closed the game out with an overtime goal by Niklas Kronwall.

They weren’t so fortunate against the Bruins on Wednesday, as they lost 3-2 in OT after leading 2-1 with under two minutes remaining in regulation.

This was the first meeting of the season between Detroit and Florida, but they’ll see each other three times between Feb. 4 and Mar. 19.