Inter Almost Refinance Goldman Sachs Bond Giving Club Financial Stability, Italian Media Report

Inter Almost Refinance Goldman Sachs Bond Giving Club Financial Stability, Italian Media Report
November 11, 2021 21:00
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The executives at Inter are very close to refinancing the two bonds that were received from Goldman Sachs which expire in December 2022, according to a report in the Italian print media today.

As has been reported by La Gazzetta dello Sport, via FCInter1908, Inter will soon have refinanced the two €375 million bonds that were agreed upon with Goldman Sachs.

It is expected that the operation will be closed within the year and that a different singular bond of €400 million with a length of around five years will be agreed on with Rothschild & Co instead.

This will give the club a lot more financial stability because it means there will not be any liquidity issues in the near future.

Inter ended the 2020/21 season with a financial loss of €245.6 million which is the most ever lost by a Serie A club in a single season. They are aiming for that figure to be €100 million at the end of this season.

By Euan Burns

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