Leonsis reportedly refinances Caps debt with $100M loan

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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.

The Buzzer: Kempe, Schwartz record hat tricks; Leafs honor Gord Downie

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Players of the night: Jaden Schwartz, St. Louis Blues / Adrian Kempe, Los Angeles Kings

The Blues forward tallied his third career hat trick during a 5-2 victory over the Chicago Blackhawks. Schwartz scored the game’s first two goals before completing his hat trick with a late empty-net goal to stave off a Chicago comeback.

Wednesday’s feat for Schwartz came three years to the day of his first career three-goal game.

Kempe, meanwhile, tallied his first NHL hat trick and finished with four points during LA’s 5-1 rout of the Montreal Canadiens. Two of his three goals were assisted by Mike Cammalleri, who also finished the night with four points.

Highlight of the night:

Eddie Olczyk returned to the NBC broadcast booth as he continues his battle against colon cancer. Olczyk, along with Doc Emrick, called the Blues-Blackhawks game from Scottrade Center Wednesday night.

MISC:

Auston Matthews recorded the 20th multi-point game of his career. He now has six goals and 10 points on the season.

Patrick Marleau became the 18th NHL player to reach the 1,500-game mark.

Jake Allen kept his shutout bid alive with this great stick save on Patrick Kane late:

-The Kings are off their best start in franchise history at 5-0-1. They’ve allowed only 10 goals against through six games.

Jeff Carter left the game in the first period and did not return after tangling with Jeff Petry. Afterward, Kings head coach John Stevens said the forward will miss some time.

-Finally, The Tragically Hip frontman Gord Downie passed away from cancer at age 53 on Wednesday. The Maple Leafs paid tribute before their game against the Red Wings.

Factoid of the night:

Scores:

Maple Leafs 6, Red Wings 3

Blues 5, Blackhawks 2

Kings 5, Canadiens 1

Cammalleri, Kempe power Kings over Canadiens

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Adrian Kempe recorded his first career NHL hat trick and Mike Cammalleri added two goals as the Los Angeles Kings beat the Montreal Canadiens 5-1.

After Paul Byron opened the scoring for Montreal midway through the first period, the Kings responded with five unanswered goals to hand the Habs their sixth straight defeat.

Cammalleri, who inked a one-year deal over the summer to return to the Kings, had a hand in four of LA’s five goals. He started the scoring for the Kings in the first period by celebrating the Dodgers’ playoff run with his own special kind of baseball swing.

Kempe, who finished with four points as well, scored his three goals over a span of 10:50 in the third period to help the Kings to their best start in franchise history (5-0-1).

LA remains the only NHL team yet to lose in regulation this season.

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Sean Leahy is a writer for Pro Hockey Talk on NBC Sports. Drop him a line at phtblog@nbcsports.com or follow him on Twitter @Sean_Leahy.

Jaden Schwartz’s hat trick leads Blues over Blackhawks

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Jaden Schwartz‘s third career hat trick helped power the St. Louis Blues over the Chicago Blackhawks 5-2 in a Central Division clash Wednesday night at Scottrade Center.

Schwartz’s eventful evening began with a goal 4:46 into the first period. It was nearly ended minutes later after a scary crash into the end boards following a scoring chance.

After missing some time, Schwartz returned in the second period and doubled the Blues’ lead with his fourth of a season, thanks to a great outlet pass from Allen.

As the Blues built up a 4-0 lead, the Blackhawks spoiled Allen’s shutout bid with a pair of late power play goals 80 seconds apart. The furious rally was stopped, however, and Schwartz capped off his hat trick with an empty netter to put the game out of reach.

St. Louis dominated the first two periods, outshooting the Blackhawks 26-8 as they built up their 2-0 lead. The Blackhawks’ power play failed them early in the game, missing out on five chances to capitalize with the extra man through 40 minutes.

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Sean Leahy is a writer for Pro Hockey Talk on NBC Sports. Drop him a line at phtblog@nbcsports.com or follow him on Twitter @Sean_Leahy.

WATCH LIVE: Canadiens at Kings

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The Montreal Canadiens play their second game of a three-game west coast trip Wednesday night against the Los Angeles Kings.

It hasn’t been the best start for the Habs, who sit tied for last in the Eastern Conference with a 1-4-1 record. They’re winless since an opening night win over the Buffalo Sabres. On the other side of things, the Kings are the only NHL team that has yet to lose in regulation. Their 4-0-1 start puts them a point behind the Vegas Golden Knights, and their game in-hand gives them the opportunity to leap into first place in the Pacific Division with a victory.

You can check out tonight’s game on NBCSN (10:30 p.m. ET) or online via the live stream.

CLICK HERE TO WATCH LIVE

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Sean Leahy is a writer for Pro Hockey Talk on NBC Sports. Drop him a line at phtblog@nbcsports.com or follow him on Twitter @Sean_Leahy.

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