Italian Media Highlight Strategic Financial Importance Of New €415M Bond Maturing In 2027 | OneFootball

Inter are focusing on lightening their short-term debt burden with their new €415 million bond maturing at the end of December 2027.

This according to today’s print edition of Milan-based newspaper Gazzetta dello Sport, who report that the Nerazzurri have refinanced their debt with the aim of paying it off with future increases in revenues.

Inter’s financial issues during the pandemic have been widely reported, and have seen the club’s debt increase significantly, most saliently in the form of a large loan from US fund Oaktree Capital.

However, the club expect revenues to increase, especially with matchday revenues likely to return to a pre-pandemic level, and the construction of a new stadium in Milan hoped to be completed by 2027.

The club have replaced the two previously-existing bonds worth €375 million with a single bond, plus a €50 million line of credit, and have moved the period of maturation from the end of December 2022 to the end of December 2027.

The interest rate on the debt has increased from 4.85% to 6%, while the bond has been rated at a stable B+ grade by credit-rating agency Fitch.