Sixth Street Partners and Ares Management are among the possible refinancing options for Inter Milan owners Suning regarding their Oaktree loan.
This according to today’s print edition of Turin-based newspaper Tuttosport, via FCInterNews.
One thing that is clear is that Suning will have to find a road forward before the due date of their massive loan from US-based fund Oaktree Capital.
That loan arrived in the spring of 2021. The Inter owners took on the debt in order to cover operating costs amid a pandemic-era liquidity crisis.
And since Suning put the club up as collateral, they must make a decision before the due date.
The loan is due in May of next year.
Naturally, letting control of Inter pass into the hands of Oaktree is a scenario that Suning will want to avoid at all costs.
But at the same time, all reports suggest that the Nerazzurri owners want to remain in control.
And given that there is essentially no chance of Suning paying back the debt in full plus interest, there are a couple of options for the Chinese company to stay at the helm.
Sixth Street & Ares Possible Refinancing Options For Suning At Inter
Minority investment would be one possibility for Suning.
This would see the cash come in necessary to cover the Oaktree debt. But it would still allow the current owners to continue on at the top.
But another option is represented by refinancing the debt.
And that appears to be the path forward that Suning prefer.
As Tuttosport note, US-based investment bank Goldman Sachs are actively scanning the market, and advising Suning through the possible.
And there are a couple possible funds from the US who Suning could refinance with.
Ares and Sixth Street have already shown an interest in football. They have worked with Premier League giants Chelsea and La Liga champions Barcelona.
And according to Tuttosport, the pair of US-based funds are among the credible possibilities who could offer Suning feasible terms on a loan to refinance their debt to Oaktree.