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USTA Pursues $400M Private Debt Deal for Arthur Ashe Stadium Renovation

The United States Tennis Association is negotiating with institutional investors to secure at least $400 million in private credit financing for a comprehensive renovation of Arthur Ashe Stadium in New York. The debt arrangement would support the USTA's capital improvement program at the facility, which hosts the annual US Open tennis tournament. Discussions with private credit providers are ongoing as the organization seeks to modernize the venue's infrastructure and amenities.