Suning Still Working On €250M Inter Loan From Bain Capital Or Oaktree, Italian Media Report

Suning Still Working On €250M Inter Loan From Bain Capital Or Oaktree, Italian Media Report
May 12, 2021 13:45
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Inter have one week left to secure the loan they need from Bain Capital or Oaktree, according to a report in the Italian media today.

As per Gazzetta dello Sport’s print edition, the Nerazzurri’s owners Suning want the matter sorted by May 20 but they are still working to agree the €250 million deal.

It is normal for negotiations such as these to take longer than first expected, the report assured, with Suning and their counterparts both trying to secure the best conditions possible.

The sticking points in negotiations are the guarantees Suning will give for the loan they receive, as well as the governance structure at Inter once Bain Capital or Oaktree agrees the deal.

Inter’s accounts will receive €200 million from this agreement directly, with the rest being split between Suning and LionRock Capital, who are due to leave their position as minority shareholders.

The money will not go towards the transfer market though, the Milan-based paper warned, because Inter need these resources to pay their outstanding salaries and other commitments.

By Will Beckman

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