Inter Milan have officially announced the early repayment of their €412 million.
The club made a press release, via FCInterNews, confirming that they will repay the full amount on the bond. The bond had been set to come due in February of 2027.
Inter Milan have for some time consolidated their debt in the form of a bond.
The maturity for that bond had been set at February of 2027. However, it always looked as though current Nerazzurri owners Oaktree Capital would refinance before then.
The most recent refinancing of the bond took place under the ownership of Suning. This took place in 2022, and took the value of the bond to €400 million.
Therefore, the North American fund inherited the bond from the previous owners. And they have decided to go down a different track,
Inter Milan Announce Early Repayment Of €412M Bond
Recent reports intended that Inter owners Oaktree intended to turn to the private debt market in order to refinance their bond.
Then, this week, reports emerged that the Nerazzurri owners were in talks with Bank of America.
And now, Inter confirm, the club will pay back in full the amount they owe to the holders of the bond.
The Nerazzurri announce that they will repay the amount that they owe to holders of the bond by the end of June.
The amount owed is on the basis of 101.6875% of the €400 million bond – therefore, around €412 million.
However, the club do not explicitly confirm the manner in which they have refinanced.
there is still the same amount of debt. it’s been refinanced. The bond has been paided, but in reality the debt has just turned in to whatever they used to refinance the bond.
The debt was only 250M which became 400M with interest and Oaktree got the ownership against this ( 400M) debt which is in reality valued 250m. Oaktree purchased 400M valued share for 250M. Suning used this 250M to pay off the debts. So, there is no effecyive debt on this count. If there was more debt, we can’t say anything. but since the Team’s performance earned over 130M last year and over 200M this year, it is really surprising to hear about any real big debt.
You forget about staff payment and daily running also expense that Inter has been used. The real profit revenue is below 50m and so far Inter cant make transfer far beyond 50m limit. 1 year cost for running Inter is around 250m and can be higher (depends on league or ucl).
very shady…but this means there is no more debt. let’s hope so.
It could be on from internal Oaktree backup cash, but if Oaktree decided to split company between Oaktree and Inter, then Inter still have debt to Oaktree. Oaktree and Inter is different entity anyway,