Inter Milan announce institutional offering of €415M | OneFootball

Inter Milan have launched an institutional offering of €415m to repay their revolving credit.

The club has also announced three new sponsorship deals.

“We benefit from strong historical financial performance and future growth prospects from our media and sponsorship activities and, despite the impact of the COVID-19 pandemic and the unprecedented disruption to the business and industry caused thereby, our Adjusted Revenue remained relatively stable," a statement of Inter Media and Communication read.

“Since Inter is the top football club in Italy based on live audience and among the top three clubs based on television audience share, we are currently allocated one of the largest portions of Serie A revenue, which has increased since our fiscal year ended June 30, 2019. Moreover, with a view to extract additional value from our shirt sponsorship packages, we extended our existing partnership with our global technology partner, Lenovo, as our back-of-shirt sponsor and announced new partnerships with Socios.com and Zytara Labs, from which we expect to receive approximately €119.0 million combined through 2025."

The Nerazzurri ended their historic partnership with Pirelli over the summer, signing a new agreement with Socios.com and Zytara Labs and Lenovo.

The Serie A champions have also announced the launch of an institutional offering to repay their revolving credit.

“Inter Media and Communication S.p.A., sole manager and operator of the media, broadcast and sponsorship business of FC Internazionale Milano S.p.A., announces the launch of an institutional offering of €415.0 million in aggregate principal amount of new Senior Secured Notes due 2027 in order to redeem the outstanding senior secured notes due 2022, to repay Inter's Revolving Credit Facility, to fund the secured accounts with respect to the Notes and to pay related fees and expenses."