The NFL has issued $1.27 billion in new 2023 term notes under the league-wide credit facility.

At the same time, the league is increasing the amount of money available through one if its revolving credit lines to $4.113 billion. 

The notes are backed by the NFL’s national television broadcast revenue, which equals $318 million per team this year, or $10.176 billion overall. 

The new notes probably carry a fixed interest rate and will be due, according to Fitch, starting in 2028 and extending out as far as 2043.