Inter Milan have officially confirmed the repayment in full of the bond, with over €400 million paid out to their bondholders.
The Nerazzurri released an official announcement confirming that they have paid back their bondholders, close to two years before the maturity date of their bond.
Inter had most recently refinanced the bond in 2022, under previous owners Suning.
That bond had been issued at €400 million. With the total interest, the club owed their bondholders €415 million.
But the club will be repaying the full amount. This comes almost two years before the bond matures in February of 2027.
Inter Milan Confirm Early Repayment Of €400M+ Bond Bond
The Nerazzurri announce: “On June 13, 2025, notice (the “Conditional Notice of Full Redemption”) was given by Inter Media and Communication S.p.A. (the “Issuer”) in accordance with Section 3.03 of the indenture dated as of February 9, 2022 (the “Indenture”) by and among, inter alios, the Issuer, The Law Debenture Trust Corporation p.l.c. as trustee and security representative (rappresentante) of the Holders (the “Trustee”), Intesa Sanpaolo S.p.A. as security agent (the “Security Agent”), The Bank of New York Mellon, London Branch, as principal paying agent (the “Paying Agent”) and The Bank of New York Mellon SA/NV, Luxembourg Branch, as registrar and transfer agent, pursuant to which the Issuer issued its €415,000,000 6.750% Senior Secured Notes due 2027 (the “Notes”).”
The question now concerns how Inter Milan will afford this full repayment of the bond.
Reports indicate that a good part of the cash will come from the issuing a new bond. This will be for around €350 million – but at a more favourable interest rate.
Beyond that, the question is where the remainder will come from.
Firstly, some reports have indicated that Inter owners Oaktree Capital could make a cash injection to cover it.
Alternatively, the Nerazzurri could reportedly use operating revenues from last season. They brought in very high revenues due to Champions League and Club World Cup participation.
Thanks for the clarification.
We need to get atleast 3 new players in each position and hopefully we can sell some players we dont need to fund those transfers. Not a fan of Oaktree being the owner but hope their decision attract ambitious owners to buy Inter. We had so many ownership changes in the last decade that is hurting Inter internally.
I am not good with account so need some help to understand. How much does Inter owe to the bank? We paid 415mil of the debt which is the full amount right?
I could be wrong, but from what I understand, Oaktree have paid off the bond to reduce the interest on the clubs debt, which should make it more appealing to potential buyers…. the issue that I have is that Oaktree have repeatedly used €100 million from Inters accounts, and then paid the rest themselves, by getting another bond on a lower Interest rate… thus is good business for Oaktree, but not necessarily for Inter!! My worry is that our transfer budget will be dramatically reduced, despite all the prize money we brought in last season… Let’s not forget that the Sucic and Henrique deals were already in place, so as of today, despite bringing in around €200 million last season, we have spent precisely fuck all!!!
I also wonder how much Inzaghi was aware of this, and how much it had to do with his decision to leave…. Hopefully I’m wrong, and we splash some cash this summer, but so far, the signs aren’t good….
What did you think? That they will spend more then 100 m? You would be out of your mind
I didn’t have a particular figure in mind, but more than zero would be nice!! In case you hadn’t noticed, the squad is old, knackered and in need of an overhaul!! Oaktree can do as much as they want off the pitch, but what they don’t seem to realise, is that if we stop being competitive on the pitch, finding a buyer to match their evaluation will be impossible!!
What we need- And what Chivu needs- is honesty!! If there isn’t going to be a summer transfer budget, then the likes of Barella, DiMarco, Dumfries, Thuram, Bastoni and Martinez should all be on holiday now, recharging their somewhat flat batteries, and the Club World Cup should have been used to see who we can make use of out of the Primevera, such as Pio Esposito and Carboni, but also Stankovic, Topalovic, Berenbruch, Del Pieri, Cocchi etc…. As things stand, all we’re doing is exhausting our first team players even further, meaning they’ll all be dead on their feet by November!!
Yes the squad is old, and Oaktree knows that. So just if the squad is old they should mutually terminate contracts of all the old players and put us into more debt?? Cuz sure as shit nobody will pay fee for players like Acerbi, Sommer etc. Correa, Arna are gone, last season it was Cuadrado and Sanchez. Getting rid of old players is a process, and we still need to have trust in them and be thankful for the years before when they gave us all trophies in Italy. Oaktree is doing till now a great job, we stay competetive, and financially we are stabile now. Old players are going and young players are coming with a young coach who prefers young players so we can sell them for good money. Oaktree invested 40 million into Sucic and Henrique without selling a single player and fans are losing their mind. Put yourself into the shoes of Oaktree. Its a business and its not easy to manage a business. And trust the process cuz Oaktree is getting us into the right direction.
Work in finance, this is called “refunding”. Quick simple explanation for those that want one. This is good overall! They paid off 400m of debt with 350 of debt with cheaper interest payments attached and 50m of equity (not sure whether fro oaktree or inter revenue). So essentially Inter’s debt balance is now 350m with cheaper interest payments instead of 400m with more expensive interest payments. Still a long way to go as far as debt and overall club financials but definitely a step in the right direction