West Bromwich Albion have confirmed they have agreed a loan for £20m from US investment group MSD Holdings.
The money, taken out over four years with the group's UK holding company, will be used to finance the club's "general business operations".
Albion are currently 14th in the Championship, three points outside the play-off places.
This season is the final one covered by parachute payments following relegation from the Premier League in 2020-21.
Because Albion went down the season after winning promotion to the top flight in 2019-20, the payments, worth tens of millions of pounds, are made for two years, rather than three.