Report – Oaktree Capital Took €100M Revenues From Inter Milan To Refinance €400M+ Bond | OneFootball

Oaktree Capital have reportedly taken €100 million in revenues directly out of Inter Milan in order to refinance the club’s bond.

This according to Turin-based newspaper Tuttosport.

Yesterday, Inter Milan officially announce that they will repay their bond in full.

The bond had previously had a maturity in February of 2027. However, the club have repaid it in full nearly two years early.

Inter owed €412 million – the €400 million bond  plus accrued interest – to bond holders.

Report – Oaktree Capital Take €100M Out Of Inter Milan To Refinance Bond

The question, of course, is where Inter Milan owners Oaktree Capital have managed to get the cash to refinance the bond.

According to Tuttosport, the Inter owners have not yet worked out precisely where the cash will come from. One possibility would be to turn to the private debt market.

Alternatively, Inter could even issue another bond.

However, reports the newspaper, one thing that the North American fund won’t be doing is injecting cash into Inter.

Rather, Tuttosport anticipate, around €100 million will come out of the sky high revenues that Inter have managed to bring in this season, between the run to the Champions League final, and their participation in the Club World Cup.