Inter Milan set to repay bond early as it plans new debt deal
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FILE PHOTO: Soccer Football - Champions League - Quarter Final - Second Leg - Inter Milan v Bayern Munich - San Siro, Milan, Italy - April 16, 2025 Inter Milan's Lautaro Martinez celebrates scoring their first goal REUTERS/Claudia Greco/File Photo
MILAN – Champions League finalist Inter Milan is set to repay a €415 million (S$614 million) high-yield bond early in June, as the Italian football club prepares to secure funds from a new debt deal, it said in statement on Friday.
Inter Milan paid a 6.75 per cent coupon to place a five-year bond in 2022 to refinance the Serie A giant’s debt.
The debt facility was issued by the Serie A club’s media company, which manages the broadcast and sponsorship business of Inter Milan.
The company plans to redeem the bond on June 26, subject to securing funds from a debt financing transaction by the business day before the redemption date, it said in a statement.
Companies typically repay debt early to secure better financial conditions.
Controlled by US investment fund Oaktree, Inter Milan was reportedly tapping private debt investors to refinance the debt facility.
Oaktree took over the club in 2024 after a missed €395 million payment from the then majority shareholder, Chinese conglomerate Suning. REUTERS
